Investment
Features
FeesSafety
Academy
More
Pluang+

Local Bounti reports 14% revenue growth, narrows net loss, and gains $12.5M new investment

Company Fundamentals
12 Aug 2026
PRNewsWire
View Source
Bullish
pluang ai news

Local Bounti Corporation announced a 14% revenue increase to $13.9 million in Q2 2026 and a 17% improvement in adjusted EBITDA loss, showing progress toward profitability. The company enhanced yields by about 10% at key facilities and expanded retail partnerships, now servicing around 13,000 stores. An existing strategic investor committed an additional $12.5 million, signaling confidence in Local Bounti's growth and operational improvements. The company plans further capacity expansions and expects continued financial improvements through 2026.

More News

LandBridge nears deals for 10 GW data center projects, boosting revenue and EBITDA growth outlook.

LandBridge nears deals for 10 GW data center projects, boosting revenue and EBITDA growth outlook.

LandBridge, a major holding in Leo Nelissen's portfolio, is advancing with seven counterparties in late-stage talks for over 10 GW of power and data center projects, expecting revenue by next year-end. The company's produced water business is growing...

Analyst Insights
Bullish
4 hours ago
Harvard halts Bitcoin ETF sell-off, holds $101M in BlackRock shares in Q2

Harvard halts Bitcoin ETF sell-off, holds $101M in BlackRock shares in Q2

Harvard Management Company stopped reducing its Bitcoin ETF holdings in Q2, maintaining 3.04 million shares of BlackRock’s iShares Bitcoin Trust valued at $101.4 million. This pause follows two quarters of significant cuts totaling over 60%. Meanwhil...

Market News
Neutral
4 hours ago
Toncoin trades 62.5% below its 12-month high, with low volume and a bearish trend signaling caution for buyers.

Toncoin trades 62.5% below its 12-month high, with low volume and a bearish trend signaling caution for buyers.

Toncoin, now trading as Gram (GRAM), is priced at $1.3260, down 62.5% from its 12-month high of $3.5328. The price sits below key moving averages, indicating a bearish trend with no clear technical buy signals. Trading volume is significantly lower t...

Technical Signals
Neutral
4 hours ago
Ex-Ripple engineer teases new XRP Ledger startup using RLUSD stablecoin rails.

Ex-Ripple engineer teases new XRP Ledger startup using RLUSD stablecoin rails.

A former Ripple engineer known as Bias Goose has revealed plans for a secret startup built on the XRP Ledger, centered around the RLUSD stablecoin. The project aims to integrate real-world business on-chain and promises higher yields than U.S. Treasu...

Protocol Fundamentals
Bullish
4 hours ago
Ituran posts record Q2 revenue and profitability with strong recurring revenue growth.

Ituran posts record Q2 revenue and profitability with strong recurring revenue growth.

Ituran Location and Control Ltd. reported record revenue, profitability, and cash flow in Q2, driven by recurring revenue now making up 76% of total income. The company trades at reasonable valuations with potential 27% upside if growth and margins c...

Analyst Insights
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App