Local Bounti Corporation/DE
For the period ended May 13, 2026. Filed May 13, 2026.
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May 13, 2026 · Filed May 13, 2026
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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 March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Sales | $13,337 | $11,605 |
| Cost of goods sold(1)(2) | 11,803 | 10,144 |
| Gross profit | 1,534 | 1,461 |
| Operating expenses: | ||
| Research and development(1)(2) | 5,715 | 6,977 |
| Sales and marketing(1) | 2,244 | 2,114 |
| General and administrative(1)(2) | 7,509 | 8,104 |
| Total operating expenses | 15,468 | 17,195 |
| Loss from operations | (13,934) | (15,734) |
| Other income (expense): | ||
| Change in fair value of warrant liabilities | 5,243 | (3,510) |
| Interest expense, net | (4,034) | (18,838) |
| Other income, net | 7 | 407 |
| Net loss | (12,718) | (37,675) |
| Less: Deemed dividend to preferred stockholders | — | 403 |
| Net loss attributable to common stockholders | $(12,718) | $(38,078) |
| Net loss applicable to common stockholders per common share: | ||
| Basic and diluted | $(0.53) | $(4.32) |
| Weighted average common shares outstanding: | ||
| Basic and diluted | 24,125,745 | 8,808,574 |
(1)Amounts include stock-based compensation as follows:
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cost of goods sold | $21 | $11 |
| Research and development | 28 | 16 |
| Sales and marketing | 43 | 37 |
| General and administrative | 901 | 526 |
| Total stock-based compensation expense, net of amounts capitalized | $993 | $590 |
(2)Amounts include depreciation and amortization as follows:
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cost of goods sold | $2,266 | $1,913 |
| Research and development | 2,358 | 2,686 |
| General and administrative | 1,005 | 1,281 |
| Total depreciation and amortization | $5,629 | $5,880 |
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