Local Bounti Corporation (LOCL) Q2 2026 Earnings Call Prepared Remarks Transcript

Local Bounti Corporation ( LOCL ) Q2 2026 Earnings Call August 12, 2026 8:00 AM EDT Company Participants Kathleen Valiasek - CEO, President & Director Anthony Hughes - Interim CFO, Senior VP of Finance & Chief Accounting Officer Conference Call Participants Jeff Sonnek - ICR Inc. Presentation Operator Good morning. and welcome to Local Bounti's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please also note today's event is being recorded. At this time, I'd like to turn the conference call over to Jeff Sonnek, Investor Relations at ICR. Jeff, please go ahead. Jeff Sonnek ICR Inc. Thank you, and good morning. Today's presentation will be hosted by Local Bounti's President and Chief Executive Officer, Kathleen Valiasek and Interim Chief Financial Officer and Chief Accounting Officer, Tony Hughes. Comments made during today's call contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts are considered forward-looking statements. These statements are based on management's current expectations and beliefs as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from the results discussed in the forward-looking statements. Some of these risks and uncertainties are identified and discussed in the company's filings with the SEC. We'll also refer to certain non-GAAP financial measures today. Please refer to the press release, which can be found on our Investor Relations website investors.localbounti.com for reconciliations of non-GAAP financial measures to their most directly comparable GAAP measures. And with that, I'd now like to turn the call over to Kathy. Kathleen Valiasek CEO, President & Director Thank you, Jeff. And good morning, everyone. I want to start by recognizing the work our team put