Local Bounti posted Q2 2026 sales up 14% to USD 13.9 million; net loss narrowed to USD 19.8 million.
Adjusted EBITDA loss improved 17% year over year to USD 5.8 million; gross profit slipped to USD 1 million.
Cash, cash equivalents, restricted cash totaled USD 10.1 million at June 30; received an additional USD 12.5 million convertible note investment after quarter-end.
Commercial activity and distribution updates
Relaunching Single Serve Salad Kits with a major retailer; pilot slated for about 400 Mid-Atlantic stores in fall 2026.
Extended supply agreements with multiple national accounts through Q1 2027; services about 13,000 retail doors.
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