The earnings call reflects positive momentum with significant revenue growth, cost reductions, and strategic expansions. However, challenges remain with adjusted EBITDA losses and delays in achieving positive EBITDA, which temper the overall outlook.

Company Guidance -

Q3 2025

During Local Bounti's Second Quarter 2025 Earnings Conference Call, the company provided extensive guidance on its strategic initiatives and financial outlook. The company reported a 28% increase in sales, reaching $12.1 million, compared to $9.4 million in the prior year period, with an adjusted gross margin of approximately 30%, up from 29% previously. They achieved a significant milestone with an improved adjusted EBITDA loss of $6.5 million, compared to $8.3 million in the prior year. Local Bounti has implemented cost reduction initiatives resulting in $7 million in annualized savings, with an additional $2.5 million to $3 million expected by the end of 2025. They anticipate reaching a 35% to 40% adjusted gross margin over time. The company has completed facility upgrades and is enhancing operational efficiency, especially at their Texas facility, which now operates at full harvestable capacity. Local Bounti is also expanding its product line and retail partnerships, expecting to launch new salad kits and expand existing relationships in the coming months. They aim to achieve positive adjusted EBITDA by early 2026, supported by increased production capacity, strategic retailer partnerships, and a strengthened balance sheet bolstered by a recent $10 million capital infusion and debt reduction.

Revenue Growth and Adjusted Gross Margin Improvement

Second quarter sales increased 28% to $12.1 million compared to $9.4 million in the prior year period. Adjusted gross margin improved to 30% from 29% in the prior year period.

Strategic Cost Reduction Initiatives

Achieved approximately $7 million in annualized cost savings across operating expenses and cost of goods sold in the first half of 2025, with an additional $2.5 million to $3 million expected in the second half.

Successful Product Launches and Commercial Expansion

Launched a new salad kit line in April and expanding product offerings with a leading home delivery service partner and a large multi-national retailer.

Capital Structure Improvement

Closed an additional $10 million of financing through a convertible note payable and reduced debt by $10 million, paired with a March restructuring that brought in $25 million in new equity.

Local Bounti Corporation (LOCL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LOCL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	-1.03 / -	-4.01	―	―	―
Aug 13, 2025	2025 (Q2)	-1.29 / -1.63	-3	45.67% (+1.37)	―
May 14, 2025	2025 (Q1)	- / -4.32	-2.89	-49.48% (-1.43)	―
Mar 31, 2025	2024 (Q4)	-1.68 / -4.32	-2.89	-49.48% (-1.43)	―
Nov 14, 2024	2024 (Q3)	-2.13 / -4.01	-3.02	-32.78% (-0.99)	―
Aug 13, 2024	2024 (Q2)	-2.32 / -3.00	-1.35	-122.22% (-1.65)	―
May 09, 2024	2024 (Q1)	-2.15 / -2.89	-2.99	3.34% (+0.10)	―
Mar 27, 2024	2023 (Q4)	-3.18 / -8.10	-3.9	-107.69% (-4.20)	―
Oct 30, 2023	2023 (Q3)	-2.60 / -3.02	-3.9	22.56% (+0.88)	―
Aug 09, 2023	2023 (Q2)	-1.63 / -1.35	-4.68	71.15% (+3.33)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LOCL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 13, 2025	$2.51	$2.53	+0.80%
May 14, 2025	$2.59	$2.50	-3.47%
Mar 31, 2025	$2.06	$1.93	-6.31%
Nov 14, 2024	$2.34	$2.33	-0.43%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Local Bounti Corporation (LOCL) report earnings?

Local Bounti Corporation (LOCL) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is Local Bounti Corporation (LOCL) earnings time?

Local Bounti Corporation (LOCL) earnings time is at Nov 06, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LOCL EPS forecast?

LOCL EPS forecast for the fiscal quarter 2025 (Q3) is -1.04.

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