Local Bounti Corporation ( (LOCL) ) has released its Q3 earnings. Here is a breakdown of the information Local Bounti Corporation presented to its investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Local Bounti Corporation is a U.S.-based indoor agriculture company that utilizes its patented Stack & Flow Technology to produce fresh and sustainable produce with significantly reduced land and water usage compared to traditional farming methods.
In its third-quarter 2025 earnings report, Local Bounti announced a 19% year-over-year revenue growth, reflecting the company’s strategic advancements and operational improvements. The company also highlighted its ongoing strategic partnership discussions aimed at capital-efficient expansion and enhanced returns.
Key financial highlights include a revenue increase to $12.2 million, driven by production growth in facilities across Georgia, Texas, and Washington. The company reported a net loss of $26.4 million, an improvement from the previous year’s $34.3 million loss, attributed to reduced net interest expenses following debt restructuring. Local Bounti also noted a reduction in adjusted EBITDA loss to $7.2 million and significant cost-saving initiatives expected to further decrease expenses in the coming quarters.
Strategically, Local Bounti completed significant facility upgrades, including an automated harvesting system in Texas, and launched new products such as family-sized salad kits. The company is also expanding its intellectual property portfolio with advancements in AI and computer vision technology to optimize its growing processes.
Looking ahead, Local Bounti remains focused on achieving sustainable profitability and anticipates reaching positive adjusted EBITDA by early 2026, supported by continued sales growth, cost reduction measures, and strategic facility expansions.