Indoor agriculture firm Local Bounti's Q3 revenue misses estimates

Reuters11-12
Indoor agriculture firm <a href="https://laohu8.com/S/LOCL">Local Bounti</a>'s Q3 revenue misses estimates

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.)

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