Key Takeaways:
- Local Bounti’s second-quarter sales increased 28% year-over-year to $12.1 million.
- Net loss narrowed to $21.6 million, with adjusted EBITDA loss improving to $6.5 million.
- Texas facility reconfiguration completed; Georgia and Washington facilities undergoing yield improvements.
- New product launches, including salad kits and expanded Walmart distribution, support commercial growth.
- Dane Almassy appointed Chief Commercial Officer to lead commercial strategy and retail partnerships.
Local Bounti Q2 2025 Financial Overview
Local Bounti Corporation (NYSE: LOCL) reported financial results for the quarter ended June 30, 2025. Sales for the second quarter reached $12.1 million, up 28% from $9.4 million in the same period last year. Gross profit totaled $1.5 million, with an adjusted gross margin of approximately 30%.
General and administrative expenses decreased to $8.0 million from $8.6 million, reflecting cost management initiatives. Net loss for the quarter was $21.6 million, compared with $25.3 million in the prior year period. Adjusted EBITDA loss improved to $6.5 million, reflecting operational efficiencies and lower interest expenses following debt restructuring.
Operational and Facility Updates
Texas Facility Reconfiguration
Local Bounti completed the reconfiguration of three acres at its Texas facility to allow production of both head lettuce and cut products. Automated harvesting equipment is now operational, replacing temporary systems used in the second quarter.
Yield Improvement and Cost Reduction
The company is advancing tower upgrades at Georgia, Texas, and Washington facilities to improve efficiency and increase yield capacity. Seed cost optimization programs are underway, aiming to reduce expenses while maintaining quality standards. Additional cost reduction measures, projected at $2.5–$3 million annually, are planned for the second half of 2025.
Product Development and Distribution
Local Bounti has expanded its product offerings with a salad kit line launched in April 2025 and additional private-label kits with a home delivery partner. Walmart distribution continues to grow, supplying 191 stores with baby leaf varieties and 13 distribution centers with Conventional Living Butter Lettuce.
Local Bounti Leadership Update
Local Bounti appointed Dane Almassy as Chief Commercial Officer, effective August 25, 2025. Almassy brings over 20 years of experience across fresh produce, CEA, and consumer packaged goods companies. He previously held senior roles at PepsiCo, WhiteWave Foods, Aurora Organic Dairy, F&S Produce, and AeroFarms.
Kathleen Valiasek, President, CEO, and CFO of Local Bounti, stated, “His operational acumen and strategic mindset will be extremely valuable as we scale our business alongside strategic retail customers to bring our high-quality products to consumers across the nation.” Almassy added, “I look forward to joining the leadership team and expanding distribution while strengthening relationships with key strategic customers.”
Local Bounti’s Outlook
Local Bounti expects sequential sales growth in Q3 2025, with acceleration in Q4 driven by facility contributions, new products, and expanded retail deployment. The company now anticipates achieving positive adjusted EBITDA in early 2026 as operations scale alongside retail timelines.
Local Bounti
Local Bounti produces fresh, non-GMO greens year-round in greenhouses using methods designed to reduce water and land use compared to conventional agriculture. The company focuses on maintaining controlled environmental conditions to support quality and flavor, while keeping the farm-to-kitchen distance short to enhance freshness and reduce waste.
Its root-on, living products are intended to extend shelf life and reduce environmental impact. By operating local growing facilities, Local Bounti aims to provide communities with consistent access to produce regardless of season, while emphasizing operational efficiency and sustainable practices.
