Local Bounti (LOCL) reported second-quarter 2026 sales of $13.9 million, up 14% from $12.1 million in the prior-year period and up 4% sequentially from the first quarter of 2026. Net loss improved to $19.8 million from $21.6 million a year earlier.
The indoor agriculture company said an existing strategic investor committed an additional $12.5 million after quarter-end through a convertible note and common stock purchase warrant. Local Bounti ended June 30, 2026, with $10.1 million in cash, cash equivalents and restricted cash.
- Second-quarter gross profit was $1.0 million, compared with $1.5 million in the prior-year period.
- General and administrative expenses decreased to $7.5 million from $8.0 million a year earlier.
- Adjusted EBITDA loss improved 17% to $5.8 million from a loss of $7.1 million in the prior-year period.
- The company services approximately 13,000 retail doors and added five new or expanded retail partnerships over the past two quarters.
- Local Bounti plans a pilot relaunch of its Single Serve Salad Kit line in about 400 Mid-Atlantic stores in fall 2026.
