Local Bounti Q1 FY26 net loss narrows to $12.72 million; revenue rises 15% to $13.34 million

Local Bounti

Local Bounti

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  • Local Bounti posted first-quarter sales up 15% to USD 13.34 million, while net loss narrowed to USD 12.72 million.
  • Operating loss tightened to USD 13.93 million, while interest expense, net fell to USD 4.03 million.
  • Adjusted EBITDA loss improved 35% to USD 5.7 million, while gross profit held roughly flat at USD 1.53 million.
  • Cash, cash equivalents, and restricted cash totaled USD 18.8 million at March 31, following a USD 15 million investment from an existing strategic investor in March.
  • Management cited full utilization across network, tower upgrades delivering about 10% higher run-rate yield capacity, and two new retail accounts including a rollout across more than 250 stores; outlook calls for sequential improvement in sales and adjusted EBITDA loss rate in 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Local Bounti Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605130715PR_NEWS_USPR_____DC58302) on May 13, 2026, and is solely responsible for the information contained therein.

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