Local Bounti reports 19% year-over-year revenue growth in third quarter

Reuters2025-11-12

<a href="https://laohu8.com/S/LOCL">Local Bounti</a> reports 19% year-over-year revenue growth in third quarter

Local Bounti Corporation reported third quarter 2025 sales of $12.2 million, an increase of 19% compared to $10.2 million in the prior year period. Gross profit for the quarter was $1.4 million. The company's adjusted gross margin percentage, excluding depreciation, stock-based compensation, and other non-core items, was approximately 29%, compared to 32% in the year-ago period. As of September 30, 2025, Local Bounti had approximately 22.1 million shares outstanding, with a fully diluted share count of about 36.1 million shares including warrants, restricted stock units, and convertible notes. During the period, Local Bounti closed a $25 million equity investment, amended its credit facility with a new $312 million senior secured debt agreement, and canceled approximately $197 million of debt principal and accrued interest. The company also expects to receive around $2 million in cash from an equipment leasing transaction in the coming weeks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Local Bounti Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: DC22104) on November 12, 2025, and is solely responsible for the information contained therein.

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