Overview

* Local Bounti ( LOCL ) Q3 revenue grows 19% yr/yr but misses analyst expectations

* Adjusted EBITDA loss improves yr/yr, reflecting better operational efficiency

* Company advancing strategic partnerships for capital-efficient expansion

Outlook

* Local Bounti ( LOCL ) expects positive adjusted EBITDA in early 2026

* Company targets $1.5-2 mln cost reductions in Q4 2025

* Local Bounti ( LOCL ) sees controlled environment agriculture as essential infrastructure

Result Drivers

* FACILITY UPGRADES - Texas automated harvesting system and tower upgrades improved yield and productivity

* STRATEGIC PARTNERSHIPS - Strategic discussions with retailers and partners are ongoing, impacting growth pace

* COST REDUCTION - Co reduced annualized expenses by nearly $8 mln with further reductions expected in Q4

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $12.20 $12.50

mln mln (1

Analyst)

Q3 Net -$26.43

Income mln

Q3 Gross $1.41

Profit mln

Q3 -$18.22

Income mln

From

Operatio

ns

Q3 $19.63

Operatin mln

g

Expenses

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the fishing & farming peer group is "buy"

* Wall Street's median 12-month price target for Local Bounti Corp ( LOCL ) is $6.00, about 56.3% above its November 11 closing price of $2.62

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)