Local Bounti Corporation/DE
For the period ended Mar 25, 2026. Filed Mar 25, 2026.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Mar 25, 2026 · Filed Mar 25, 2026
Use the contents to explore the available documents and sections.
LOCL$0.87-3.9%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands, except per share data)
(in thousands, except per share data)
| Three Months Ended, December 31, | Twelve Months Ended December 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Sales | $12,457 | $10,070 | $48,365 | $38,138 |
| Cost of goods sold(1)(2) | 10,936 | 9,530 | 42,505 | 34,048 |
| Gross profit | 1,521 | 540 | 5,860 | 4,090 |
| Operating expenses: | ||||
| Research and development(1)(2) | 5,436 | 7,185 | 25,575 | 22,287 |
| Sales and marketing(1)(2) | 2,196 | 2,021 | 9,143 | 7,893 |
| General and administrative(1)(2) | 7,111 | 8,108 | 33,769 | 32,878 |
| Total operating expenses | 14,743 | 17,314 | 68,487 | 63,058 |
| Loss from operations | (13,222) | (16,774) | (62,627) | (58,968) |
| Other income (expense): | ||||
| Change in fair value of warrant liabilities | 5,009 | 1,974 | (3,358) | 811 |
| Interest expense, net | (4,167) | (18,503) | (32,167) | (58,923) |
| Other income (expense), net | 3,683 | (2,955) | 3,773 | (2,822) |
| Net loss | (8,697) | (36,258) | (94,379) | (119,902) |
| Less: Deemed dividend to preferred stockholders | — | — | 403 | — |
| Net loss attributable to common stockholders | $(8,697) | $(36,258) | $(94,782) | $(119,902) |
| Net loss applicable to common stockholders per common share: | ||||
| Basic and diluted | $(0.38) | $(4.21) | $(5.61) | $(14.14) |
| Weighted average common shares outstanding: | ||||
| Basic and diluted | 22,808,125 | 8,609,861 | 16,895,925 | 8,480,247 |
(1)Amounts include stock-based compensation as follows:
| Three Months Ended December 31, | Twelve Months Ended December 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Cost of goods sold | $22 | $(2) | $124 | $73 |
| Research and development | 24 | 24 | 232 | 274 |
| Sales and marketing | 100 | 51 | 441 | (13) |
| General and administrative | 944 | 1,174 | 4,394 | 3,014 |
| Total stock-based compensation expense, net of amounts capitalized | $1,090 | $1,247 | $5,191 | $3,348 |
(2)Amounts include depreciation and amortization as follows:
| Three Months Ended December 31, | Twelve Months Ended December 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Cost of goods sold | $2,085 | $1,940 | $8,142 | $6,137 |
| Research and development | 2,376 | 2,600 | 9,933 | 7,631 |
| General and administrative | 1,149 | 1,346 | 5,122 | 5,103 |
| Total depreciation and amortization | $5,610 | $5,886 | $23,197 | $18,871 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.