Local Bounti Corporation
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $24.3M
- Price
- $1.04
- % Change (Daily % change from the live per-ticker quote feed.)
- -0.95%
- Volume
- 5.5K
About
Local Bounti Corporation is an American agricultural enterprise primarily engaged in the cultivation of fresh greens and various herbs. Their product line features different varieties of lettuce, specific herbs, and notably, loose-leaf lettuce. The company supplies its produce to both retail grocery stores and distributors within the food service industry. Established in 2018, Local Bounti Corporation maintains its corporate headquarters in Hamilton, Montana.
Quick stats
Shares outstanding23.4M
Computed float3.5M
Float / shares15.1%
Key info
SectorConsumer Defensive
IndustryAgricultural Farm Products
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001840780
Websitehttps://localbounti.com
AI Summary
AI-generated1/9
majorbullishearnings
Local Bounti Announces Second Quarter 2026 Financial Results
Local Bounti reported Q2 2026 revenue of $13.9 million, up 14% year-over-year, while narrowing its adjusted EBITDA loss by 17% to $5.8 million.
Operational momentum includes an approximate 10% increase in yields at key facilities and the expansion of retail partnerships, adding new distribution in the Mid-South and Rocky Mountain regions.
The company strengthened its balance sheet with an additional $12.5 million investment from an existing strategic investor subsequent to quarter-end, bringing total liquidity support to $27.5 million combined with March proceeds.
Red flags
- Company has not filed its Form 10-Q for the period; financial results are preliminary and subject to change
- Going concern risk cited in forward-looking statements regarding ability to obtain necessary capital
- Adjusted gross margin declined to 27% from 30% in the prior year due to temporary packing inefficiencies