• Local Bounti to release Q2 financial results on Aug. 13
• Conference call to discuss results at 8:00 a.m. ET
• Dial (877) 514-3623 for North America or +1 (201) 689-8768 intl
• Live webcast on localbounti.com and archived by Aug. 20
Local Bounti (NYSE: LOCL), a leading U.S. indoor agriculture company, has scheduled the release of its second quarter 2025 financial results for Wednesday, August 13, 2025, before the market opens. The company will host a conference call at 8:00 a.m. ET on the same day to discuss the results and provide business updates. North American participants can dial (877) 514-3623, while international callers should use +1 (201) 689-8768. A live webcast will be available on the company's website under the "Investors" section and will be archived until August 20, 2025. For playback, North American listeners can call (877) 660-6853, and international listeners (201) 612-7415, using passcode 13754459.
Local Bounti has been making significant strides in the indoor agriculture sector, focusing on sustainable and resource-efficient food production. The company's patented Stack & Flow Technology allows for 90% less water usage compared to traditional farming methods. Recent financial results have shown increased sales and gross margins, with the company expecting to reach positive adjusted EBITDA in the third quarter of 2025.
In the first quarter of 2025, Local Bounti reported a 38% increase in sales to $11.6 million, with an adjusted gross margin of 29%. However, the company experienced a widened net loss primarily due to increased interest expenses. The company has been securing additional financing and restructuring its debt to support its growth and expansion plans. In the second quarter of 2024, Local Bounti's sales increased 31% to $9.4 million, with a gross profit of $1.4 million and an adjusted gross margin of 29%.
The company has also been expanding its distribution network, securing partnerships with major retailers such as Walmart and Sam's Club. Local Bounti's new facility in Texas has allowed it to expand its product line and distribution to new markets.
Investors and stakeholders are encouraged to tune in to the conference call and webcast to gain insights into Local Bounti's financial performance and future growth prospects. The company's strategic focus on sustainable agriculture and efficient resource use positions it well to capitalize on the growing demand for locally grown produce.
References:
[1] https://www.stocktitan.net/news/LOCL/local-bounti-to-release-second-quarter-2025-financial-results-on-siz2ujt1m700.html
[2] https://www.stocktitan.net/news/LOCL/
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