Business
Local Bounti Announces First Quarter 2025 Financial Results
Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the three months ended March 31, 2025 and provided its revenue outlook for second quarter 2025.
About this update from Local Bounti Corporation
[{"type":"text","content":"Reports 38% Year-Over-Year Revenue Growth and Reaffirms Path to Positive Adjusted EBITDA in Third Quarter 2025 Through Expanded Distribution, Yield Improvements, and Disciplined Cost Management","length":193,"tagName":"p","attribs":{}},{"type":"text","content":"HAMILTON, Mont., May 14, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the three months ended March 31, 2025 and provided its revenue outlook for second quarter 2025.","length":334,"tagName":"p"},{"type":"image","alt":"Local Bounti Logo (PRNewsfoto/Local Bounti)","displaySize":"","headline":null,"caption":"Local Bounti Logo (PRNewsfoto/Local Bounti)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":324,"url":"https://media.zenfs.com/en/prnewswire.com/fc90430c9d52df1f79ba6736edbb9150"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/3_cBCmAEcGhCXf0iVnFa9g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTU3MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/fc90430c9d52df1f79ba6736edbb9150","width":400,"height":324}},"href":"https://mma.prnewswire.com/media/1582915/Local_Bounti_Personnel_v1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Kathleen Valiasek, President, CEO and CFO of Local Bounti, stated, "Our first quarter progress across commercial and operational initiatives is converging toward a significant revenue lift in the second half of 2025 and positions us to achieve positive adjusted EBITDA in the third quarter. The dedication from our entire organization—where everyone from operations to sales to finance is aligned around reaching positive adjusted EBITDA—has been truly remarkable. This collective focus has strengthened our foundation, driving meaningful yield improvements in our Georgia facility, and we expect to see similar appreciable yield improvements in our Washington and Texas facilities in the second half of the year. With the support from our expanded retail relationships, we believe that we are at the precipice of demonstrating strong sequential improvements across our income statement. We are energized by our momentum and remain fully committed as an organization to scale our business profitably while meeting the growing demand for...