Overview
Local Bounti 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 expects positive adjusted EBITDA in early 2026
Company targets $1.5-2 mln cost reductions in Q4 2025
Local Bounti 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/Miss | Actual | Consensus Estimate |
Q3 Sales | Miss | $12.20 mln | $12.50 mln (1 Analyst) |
Q3 Net Income | -$26.43 mln | ||
Q3 Gross Profit | $1.41 mln | ||
Q3 Income From Operations | -$18.22 mln | ||
Q3 Operating Expenses | $19.63 mln |
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 is $6.00, about 56.3% above its November 11 closing price of $2.62
Press Release: ID:nPn2stwhRa
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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.)