Local Bounti reports Q1 EPS ($4.32) vs. ($2.89) last year

Reports Q1 revenue $11.6M vs. $8.4M last year. Kathleen Valiasek, President, CEO and CFO of Local Bounti (LOCL), 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 our CEA products.”