Indoor agriculture firm Local Bounti's Q3 revenue misses estimates

Local Bounti

12/11/2025 12:22

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)