Local Bounti Q1 revenue up 38% to $11.6M; targets positive adj. EBITDA by Q3 2025

Local Bounti Corporation/DE

2025-Q1 EPS reported -$4.32 vs consensus -$1.71 ▼ miss (-152.1%)

Sales $11.6M (+38% YoY); net loss $37.7M vs $24.1M; adj. EBITDA loss $8.8M.
Secured $25M equity; restructured $312M debt with 10-year term, no cash interest/principal until April 2027.
Guides Q2 sales $12.0-12.5M; reaffirms path to positive adj. EBITDA in Q3 2025.
Expanded retail: Walmart (13 DCs for butter lettuce), Brookshire's (80 stores), HEB, new salad kits.
Texas facility reconfiguration near completion; expects yield improvements in second half.

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