Significant Revenue Growth
Local Bounti reported a 19% year-over-year increase in revenue, reaching $12.2 million for Q3 2025, driven by increased production from Georgia, Texas, and Washington facilities.
Operational Efficiencies and Facility Upgrades
The Texas automated harvesting system is operational, improving labor productivity by approximately 19% and reducing direct labor costs by 17%. Tower upgrades in Texas and Washington are expected to increase yield by over 10%.
Cost Reductions and Improved Financial Metrics
$8 million in annualized cost reductions were achieved through the first nine months of 2025, with targeted additional reductions of $1.5 to $2 million in Q4. Adjusted EBITDA loss improved to $7.2 million from $8.4 million in the prior year.
Commercial Expansion and Strategic Partnerships
Local Bounti launched a new 10-ounce Romano Caesar family-sized salad kit in 89 Walmart stores, and expanded home delivery offerings and a private label partnership with Markon Cooperative.
Capital Structure Transformation
A $10 million convertible note was closed in August, along with a $10 million debt reduction and a new $2 million equipment leasing transaction, enhancing financial flexibility.
Market Validation of CEA
The market has shifted to view controlled environment agriculture (CEA) as essential infrastructure, with increased strategic partnerships and retailer engagements.