Local Bounti Corp (NYSE:LOCL)

Q1 2026 Local Bounti Corp Earnings Call Transcript

May 13, 2026 / 12:00 PM GMT

Release Date Price: $1.47 (+6.52%)

Transcript 10-Q8-K

Key Points

Positve

Revenue grew 15% year-over-year, indicating strong financial performance.
Adjusted EBITDA loss improved by 35%, showing better financial management.
The company secured a $15 million investment from an existing strategic investor, enhancing financial flexibility.
Local Bounti Corp (LOCL) was issued a U.S. patent for its AI-driven growing optimization, protecting its proprietary technology.
Operational improvements led to a 10% increase in run rate yield capacity, demonstrating enhanced efficiency.

Negative

Despite improvements, the company still reported an adjusted EBITDA loss of $5.7 million.
The GAAP net loss for the quarter was $12.7 million, indicating ongoing financial challenges.
The company is still working towards achieving positive adjusted EBITDA, highlighting that profitability has not yet been reached.
There is a notable supply gap in the market for certain products, such as conventional arugula, which the company aims to address.
The company relies on strategic partnerships and ongoing discussions, which may pose risks if these do not materialize as expected.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LOCL.N - Local Bounti Corp
Q1 2026 Local Bounti Corp Earnings Call
May 13, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, and welcome to Local Bounty's first-quarter 2026 earnings conference call. All participants will be in a listen-only mode. Please note, today's event is being recorded. At this time, I'd like to turn the conference call over to Jeff Sonnik, Investor Relations at ICR. Please go ahead.

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Unidentified_2 [2]
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Thank you and good morning. Today's presentation will be hosted by Local Bounty's Executive Chairman, Craig Hurlburt, President and Chief Executive Officer, Kathleen Balasek, and Interim Chief Financial Officer and Chief Accounting Officer, Tony

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