Local Bounti Corporation ( (LOCL) ) has released its Q2 earnings. Here is a breakdown of the information Local Bounti Corporation presented to its investors.
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Local Bounti Corporation is a U.S.-based indoor agriculture company known for its innovative Stack & Flow Technology®, which enhances crop production efficiency and sustainability in the agriculture sector.
In its second-quarter 2025 financial report, Local Bounti Corporation announced a 28% year-over-year revenue growth, attributed to expanded facility operations and strengthened retail partnerships. The company also reported significant cost reductions and strategic financial restructuring, including a $10 million convertible note and a $10 million debt reduction.
Key financial highlights include a sales increase to $12.1 million, a gross profit of $1.5 million, and a reduction in net loss to $21.6 million compared to the previous year. The company achieved $7 million in annualized expense reductions and plans further cost optimization initiatives. Additionally, Local Bounti completed a reconfiguration of its Texas facility and launched new product lines, expanding its retail and distribution networks.
Looking ahead, Local Bounti anticipates continued revenue growth and improved operational efficiencies, with expectations to achieve positive adjusted EBITDA by early 2026. The company remains focused on expanding its facility capacity and product offerings to meet increasing demand from retail partners.