Revenue: As of FY2025 Q1, the actual value is USD 11.61 M.

EPS: As of FY2025 Q1, the actual value is USD -4.32.

Segment Revenue

Sales increased 38% to $11.6 million in the first quarter of 2025, compared to $8.4 million in the prior year period, driven by increased production and growth in sales from the Georgia facility and new facilities in Texas and Washington.

Operational Metrics

Gross profit was $1.5 million in the first quarter of 2025, with an adjusted gross margin percentage of approximately 29%, up from 24% in the prior year period. General and administrative expenses increased by $2.3 million to $8.1 million, primarily due to higher stock-based compensation expense. Net loss was $37.7 million, compared to a net loss of $24.1 million in the prior year period, mainly due to increased interest expense. Adjusted EBITDA loss was $8.8 million, compared to a loss of $6.9 million in the prior year period.

Cash Flow

The company ended the quarter with cash and cash equivalents and restricted cash of $28.4 million as of March 31, 2025.

Unique Metrics

Local Bounti secured a $25 million equity investment and executed a term sheet for approximately $2.5 million in capital expenditure financing.

Outlook / Guidance

The company expects second quarter 2025 sales of approximately $12.0 to $12.5 million and anticipates reaching positive adjusted EBITDA in the third quarter of 2025, driven by sales growth and cost reduction initiatives.