LOCL - Earnings announcements

Delivered 27% Annual Revenue Growth and Improved Net Loss and Adjusted EBITDA While Advancing Strategic Retail Partnership DiscussionsDuring the First Quarter 2026, Secured New Retail Accounts to Expand Distribution and Improve Channel MixExisting Strategic Investor Closed on Additional $15 Million in Growth CapitalIssued U.S. Patent for Computer Vision and AI-Driven Growing OptimizationHAMILTON, Mont., March 25, 2026 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company currently servicing approximately 13,000 retail doors, today announced its financial results for the three and twelve months ended December 31,

HAMILTON, Mont., March 23, 2026 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal full year ended December 31, 2025, before the market opens on Wednesday, March 25, 2026. Conference CallThe Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 8:00 a.m. ET on Wednesday, March 25, 2026.

Reports 19% Year-Over-Year Revenue Growth While Advancing Strategic Partnership Discussions to Enable Capital-Efficient Expansion and Enhanced Returns Reduced Year-to-Date Annualized Expenses by Nearly $8 million, with Additional Reduction of $1.5-2 Million Expected to be Actioned in the Fourth Quarter of 2025 HAMILTON, Mont., Nov. 12, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the quarter ended September 30, 2025. Kathleen Valiasek, Presi

HAMILTON, Mont., Nov. 10, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal third quarter ended September 30, 2025, before the market opens on Wednesday, November 12, 2025. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 8:00 a.m. ET on Wednesday, Novemb

Reports 28% Year-Over-Year Revenue Growth Driven by Expanded Facility Operations and Strengthened Retail Relationships Achieved $7 Million in Annualized Expense Reductions in the First Half of 2025 with Additional $2.5 to $3 Million of Cost Optimization Initiatives to be Actioned in the Second Half of 2025 Closed on $10 Million Convertible Note and Amended Credit Facility with $10 Million Principal Debt Reduction HAMILTON, Mont., Aug. 13, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the quarter ended June 30, 2025.

HAMILTON, Mont., Aug. 8, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal second quarter ended June 30, 2025 before the market opens on Wednesday, August 13, 2025. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 8:00 a.m. ET on Wednesday, August 13, 202

Reports 38% Year-Over-Year Revenue Growth and Reaffirms Path to Positive Adjusted EBITDA in Third Quarter 2025 Through Expanded Distribution, Yield Improvements, and Disciplined Cost Management HAMILTON, Mont., May 14, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the three months ended March 31, 2025 and provided its revenue outlook for second quarter 2025. Kathleen Valiasek, President, CEO and CFO of Local Bounti, stated, "Our first quarter

HAMILTON, Mont., May 12, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal first quarter ended March 31, 2025 before the market opens on Wednesday, May 14, 2025. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 8:00 a.m. ET on Wednesday, May 14, 2025. To

Secured $27.5 million of new funding - closed $25 million of new equity proceeds and $2.5 million of capex financing under executed term sheet and completed the restructuring of its existing credit facility – including a nearly 40% reduction through debt extinguishment of approximately $197 million, a significantly lower interest rate, and extended repayment terms with no cash payments until April 2027  Announces leadership succession and new Board appointments – President Kathleen Valiasek succeeds Craig Hurlbert as CEO, Mr. Hurlbert named Executive Chairman Further expansion of regional distribution with Walmart HAMILTON, Mont., March 31, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE

HAMILTON, Mont., March 28, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal full year ended December 31, 2024 after the market closes on Monday, March 31, 2025. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 4:30 p.m. ET on Monday, March 31, 2025. To p

Commercial momentum accelerating with expanded product assortment and increased growing capacity Increased scale driving strategic discussions with customers to align respective footprints for next chapter of growth HAMILTON, Mont., Nov. 14, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the quarter ended September 30, 2024 and provided expectations for fourth quarter 2024. "In the third quarter, we delivered a 50% increase in sales over the p

HAMILTON, Mont., Nov. 11, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal third quarter ended September 30, 2024 before the market opens on Thursday, November 14, 2024. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 8:00 a.m. ET on Thursday, November

Recently began shipping to Sam's Club and Brookshire's out of Texas facility Negotiating an additional $175 million financing commitment for a total of up to $400 million in capital commitments to support 2024 and future projects including working capital and strategic growth capital — anticipate closing in third quarter of 2024 Reiterates full year 2024 sales guidance of $50 to $60 million, representing a doubling of revenue versus 2023 HAMILTON, Mont., Aug. 13, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the quarter ended June 30, 2024 and reiterated f

HAMILTON, Mont., Aug. 9, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal second quarter ended June 30, 2024 before the market opens on Tuesday, August 13, 2024. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 8:00 a.m. ET on Tuesday, August 13, 2024. T

First customer deliveries from Washington and Texas facilities shipping in second quarter Expands penetration in Pacific Northwest and Texas with new retail customers, including Albertsons Seattle and Brookshire's Expected to close on $228 million of financing commitments in the second quarter to support 2024 projects — including additional capacity at existing facilities and building of a new greenfield facility in the Midwest Grab-and-Go Salad Kits gaining distribution momentum Provides full year 2024 sales guidance of $50 to $60 million, representing a doubling of revenue versus 2023 HAMILTON, Mont., May 9, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "

HAMILTON, Mont., May 6, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal first quarter ended March 31, 2024 before the market opens on Thursday, May 9, 2024. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 8:00 a.m. ET on Thursday, May 9, 2024. To parti

Georgia facility demonstrating further improvement year-to-date — packed pounds increased 50% versus December 2023 and 3x versus a year ago Commenced operations at Washington and Texas facilities in January, expect to begin shipping product to customers in the second quarter 2024 Expected to close on $228 million of financing commitments in the second quarter to support 2024 projects — including additional capacity at existing facilities and building of a new greenfield facility in the Midwest Announces national expansion of Grab-and-Go Salad Kits Montana facility to transition from R&D to commercial production mid-year to support increased customer demand and revenue and EBITDA goals Receiv

HAMILTON, Mont., March 26, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal full year ended December 31, 2023 before the market opens on Wednesday, March 27, 2024. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 8:00 a.m. ET on Wednesday, March 27, 2024

Construction on track at Georgia, Texas and Washington facilities Reaffirms full year 2023 guidance of $34 to $40 million  HAMILTON, Mont., Aug. 9, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced its financial results for the three months ended June 30, 2023 and reaffirmed full year 2023 guidance.  Anna Fabrega, CEO of Local Bounti, stated, "I'm proud to be part of this organization an

HAMILTON, Mont., July 26, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the second quarter ended June 30, 2023 before the market opens on Wednesday, August 9, 2023. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The con

Reaffirms full year 2023 guidance of $34 to $40 million HAMILTON, Mont., May 10, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced its financial results for the three months ended March 31, 2023 and reaffirmed full year 2023 guidance. Craig Hurlbert, Co-CEO of Local Bounti, stated, "First quarter results were consistent with our expectations and reflect the commissioning phase of our Geo

HAMILTON, Mont., April 27, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the first quarter ended March 31, 2023 before the market opens on Wednesday, May 10, 2023. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conf

Secures up to $145 million of new financing to support growth Financings provide $50 million of cash to the balance sheet for operations Provides full year 2023 sales guidance of $34 to $40 million HAMILTON, Mont., March 29, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced its financial results for the three and twelve months ended December 31, 2022 and provided sales guidance for full year 2023.

Announces preliminary and unaudited fiscal 2022 sales of $19.5 million, adjusted gross margin* of 38%, net loss of $111.1 million, and adjusted EBITDA loss* of $29.8 million Company to hold fiscal 2022 earnings conference call on March 29, 2023 at 8 am ET HAMILTON, Mont., March 17, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that it amended its existing credit facility with Cargill Financial Services, Inc. ("Cargill").  Additionally, the Company announced select preliminary financial results for

HAMILTON, Mont., March 17, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the fiscal full year ended December 31, 2022 before the market opens on Wednesday, March 29, 2023. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates.

Third quarter revenue of $6.3 million, compared to $0.2 million in the prior year period Previously announced 5-year offtake agreement with Sam's Club for Local Bounti's leafy greens production Reaffirms full year 2022 guidance HAMILTON, Mont., Nov. 10, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced its third quarter 2022 results for the three months ended September 30, 2022 and reaffirmed its full year 2022 guidance.

HAMILTON, Mont., Nov. 3, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the third quarter ended September 30, 2022 before the market opens on Thursday, November 10, 2022. Conference CallThe Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The

Second quarter revenue of $6.3 million, compared to $0.1 million in the prior year period Georgia facility commenced commercial operations in July 2022 Announces Texas as location of next facility Reaffirms full year 2022 guidance HAMILTON, Mont., Aug. 15, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced its second quarter 2022 results for the three months ended June 30, 2022 and reaffirmed full year 2022 guidance.

HAMILTON, Mont., Aug. 8, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the second quarter ended June 30, 2022 before the market opens on Monday, August 15, 2022. Conference CallThe Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The confer

Georgia facility expected to commence operations in July 2022 Pasco, Washington facility advancing forward Reaffirms full year 2022 guidance HAMILTON, Mont., May 9, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced its first quarter 2022 results for the three months ended March 31, 2022 and reaffirms full year 2022 guidance. Craig Hurlbert, Co-CEO of Local Bounti stated, "We have been ex

HAMILTON, Mont. , April 25, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the first quarter ended March 31, 2022, after the market closes on Monday, May 9, 2022. Conference CallThe Company will host a conference call and webcast with members of the Local Bounti executive management team to discuss financial results and other business updates

Transformative acquisition of Pete's will immediately open distribution to approximately 10,000 retail doors Full year 2021 gross margin of 32% Provides full year 2022 sales guidance of at least $20 million, including partial year contribution from anticipated Pete's acquisition HAMILTON, Mont., March 15, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced its full year 2021 results and provided sales guidance for full year 2022.

De-risks near-term operational execution, expanding upon existing market presence and creating a coast-to-coast footprint covering existing relationships at approximately 10,000 retail grocery doors. Enhances financial leadership within the controlled environment agriculture ("CEA") industry by improving already leading unit-level economics. Immediately accretive with Pete's 2021 estimated net revenue of $22.7 million, established track record of producing gross margin of greater than 45%, and positive EBITDA. Incremental accretion from Georgia facility coming online in 2022 as well as revenue and cost synergies. Substantial operational synergies expected by incorporating Local Bounti's Stac

HAMILTON, Mont., March 14, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced it will release its financial results for the fiscal full year ended December 31, 2021 before the market open on Tuesday, March 15, 2022. Conference Call The Company will host a conference call and webcast with members of the Local Bounti executive management team to discuss its financial results and other busi