Local Bounti Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Segment Reporting Information

Segment operating results, including significant expenses regularly provided to the CODM, along with a reconciliation of segment operating loss to consolidated net loss, are as follows:


	Three Months Ended March 31,
	2025		2024
	(in thousands)
Revenue	$	11,605	$	8,383
Less:
Salaries and wages	8,588		8,648
Transportation and delivery	2,662		1,837
Depreciation and amortization	5,880		3,228
Interest expense, net	18,838		9,608
Stock-based compensation expense, net of amounts capitalized	592		(934)
Other segment items(1)	12,720		10,046
Segment net loss	(37,675)		(24,050)
Reconciliation of profit or loss
Adjustments and reconciling items	—		—
Net loss	$	(37,675)	$	(24,050)

_____________________

(1) Other segment items included in Segment net loss include change in fair value of warrant liability, research and development expense, facilities expense, legal expense, accounting expense, insurance expense, loss on disposal of fixed assets, software expense, and other overhead expense.