Local Bounti Corp Reports Mixed Financial Results for Q1 2025

Hamilton, Mont., May 14, 2025 — Local Bounti Corporation (NYSE: LOCL), a leading controlled environment agriculture company, has released its financial results for the first quarter of 2025. The company, known for its indoor farming of fruits and vegetables, reported a GAAP earnings per share (EPS) of -$4.32, which fell short of expectations by $2.64. Despite this, the company’s revenue of $11.6 million exceeded forecasts by $0.3 million.

Local Bounti announced a significant 38% year-over-year revenue growth, underscoring its expanding market presence. The company has reaffirmed its commitment to achieving positive adjusted EBITDA by the third quarter of 2025. This target is supported by strategies focusing on expanded distribution, yield improvements, and disciplined cost management.

The company’s stock, traded on the New York Stock Exchange, closed at $2.335 on May 8, 2025. Over the past year, the stock has fluctuated between a high of $5.7479 and a low of $1.18. With a market capitalization of $25,520,000, Local Bounti continues to navigate the challenges of the consumer staples sector.

Analysts had anticipated a quarterly loss per share of $1.68, which is an improvement from the $2.89 loss reported in the same quarter of the previous year. Revenue projections also indicated a 34.84% increase from the $8.4 million reported in the prior year’s quarter.

Local Bounti’s financial performance and strategic initiatives will be further discussed in a conference call scheduled for May 14, 2025, where members of the executive management team will provide additional insights and updates on the company’s business operations.

As Local Bounti continues to innovate in the indoor agriculture space, its efforts to enhance distribution and operational efficiency are expected to play a crucial role in its financial trajectory moving forward.