Local Bounti Q2 revenue rises on higher production and sales
LOCL•Quarterly performance
- U.S. indoor agriculture firm's Q2 revenue rose 14% yr/yr on higher production and sales
- Q2 adjusted EBITDA loss improved 17% yr/yr; net loss narrowed
- Company received $12.5 mln investment from existing strategic investor after quarter-end
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Sales | $13.85 mln | ||
| Q2 Loss Per Share | $0.68 | ||
| Q2 Net Loss | $19.82 mln | ||
| Q2 Gross Profit | $1.05 mln | ||
| Q2 Income From Operations | -$13.95 mln | ||
| Q2 Operating Expenses | $14.99 mln |
Outlook and business drivers
-
Company expects continued sequential improvements in revenue and adjusted EBITDA loss rate in 2026
-
Achieving positive adjusted EBITDA remains a key priority for Local Bounti
-
Company sees increased retailer focus on food safety and traceability as a driver for long-term growth
-
INCREASED PRODUCTION AND SALES - Co said revenue growth was driven by higher production and sales from Georgia, Texas, and Washington facilities
