Local Bounti Corporation (LOCL)
NYSE:LOCL
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Earnings Data
Report Date
Aug 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-1.63Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized clear operational and commercial progress: revenue growth (+15% YoY, +7% sequential), meaningful cost reductions (adjusted G&A -30% YoY) and material improvements in adjusted EBITDA (-35% YoY) and GAAP net loss. Strategic and technical milestones — a U.S. patent and a $15 million strategic investment — plus capacity utilization and yield gains (~10% run-rate yield lift; highest yields in company history) reinforce momentum. Key negatives remain: adjusted EBITDA is still negative ($5.7M), GAAP losses persist ($12.7M), cash is limited (~$18.8M) and margin expansion has not yet occurred. Overall, highlights substantially outweigh lowlights given the trajectory of improvement and tangible de-risking of the balance sheet and operations.Company Guidance
Revenue Growth
Revenue grew 15% year-over-year to $13.3 million in Q1 2026, and rose approximately 7% sequentially from Q4 2025, driven by consistent production improvements across the facility network.
Adjusted EBITDA Improvement
Adjusted EBITDA loss improved 35% year-over-year to a loss of $5.7 million (from a $8.8 million loss in Q1 2025) with a modest sequential improvement from a $5.8 million loss in Q4 2025.
Reduction in Adjusted G&A
Adjusted G&A fell about 30% year-over-year to $4.1 million (down from $5.8 million in Q1 2025) and declined sequentially from $4.3 million in Q4 2025, reflecting realized cost-savings actions.
Gross Margin Stability
Adjusted gross margin was approximately 29% (ex-depreciation, stock-based comp and noncore items), roughly in line with the prior year period, providing a stable foundation for operating leverage as scale increases.
Material Improvement in GAAP Net Loss
GAAP net loss narrowed to $12.7 million in Q1 2026 versus $37.7 million in Q1 2025, reflecting lower interest expense after 2025 debt restructuring and operational progress.
Strengthened Balance Sheet and Strategic Investment
Ended the quarter with ~$18.8 million in cash, cash equivalents and restricted cash (up from $10.7 million at year-end), driven by a $15 million convertible-note investment from an existing strategic investor closed in Q1 2026.
Intellectual Property and Technology Differentiation
In February 2026 the company was issued a U.S. patent covering its computer vision and AI-driven growing optimization for the Stack & Flow platform, formally protecting core proprietary technology.
Operational Capacity, Yield and Product Momentum
All three advanced facilities operating at full harvestable capacity with run rate capacity committed to customers; tower upgrades plus AI-driven optimization contributed to ~10% increase in run rate yield capacity; yields at the highest levels in company history; product wins include a 6-SKU placement across 250+ stores and additional distribution awards (including baby leaf and organic butter lettuce) extending supply into Q1 2027.
LOCL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LOCL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $1.38 | $1.47 | +6.52% |
Mar 25, 2026 | $1.08 | $1.15 | +6.48% |
Nov 12, 2025 | $2.62 | $2.63 | +0.38% |
Aug 13, 2025 | $2.51 | $2.53 | +0.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Local Bounti Corporation (LOCL) report earnings?
Local Bounti Corporation (LOCL) is schdueled to report earning on Aug 18, 2026, Before Open (Confirmed).
What is Local Bounti Corporation (LOCL) earnings time?
Local Bounti Corporation (LOCL) earnings time is at Aug 18, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is LOCL EPS forecast?
Currently, no data Available