Local Bounti Q3 revenue $12.2M (+19% YoY); adjusted EBITDA loss narrows to $7.2M

Local Bounti Corporation/DE

2025-Q3 EPS reported -$5.78 revenue$35,908,000

Revenue $12.2M, up 19% YoY; net loss $26.4M improved from $34.3M.
Adjusted EBITDA loss improved to $7.2M from $8.4M; targeting positive adj. EBITDA early 2026.
Reduced year-to-date annualized expenses by ~$8M; additional $1.5-2M reduction expected in Q4 2025.
Cash, cash equivalents, and restricted cash $12.7M as of Sept 30; closed $10M convertible note in Aug 2025.
Texas facility reconfiguration complete; automated harvesting operational; labor productivity up ~19%.

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