Earnings ·
Local Bounti Corporation reported second quarter 2026 financial results showing a 14% year-over-year revenue increase…
LOCLLocal Bounti Corporation
Local Bounti Corporation reported second quarter 2026 financial results showing a 14% year-over-year revenue increase to $13.9 million and an improved net loss of $19.8 million, down from $21.6 million in the prior year period. Adjusted EBITDA loss narrowed by 17% to $5.8 million. The company also announced a subsequent $12.5 million investment from an existing strategic investor via convertible notes and warrants. Local Bounti operates controlled-environment agriculture facilities across the United States, producing fresh produce for retail partners.