AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Local Bounti reported Q2 EPS of $1.63, a significant improvement from $3.00 last year. Revenue increased to $12.1M from $9.4M last year. The company ended the quarter with $13.2M in cash and cash equivalents. CEO Kathleen Valiasek attributed the progress to the company's patented Stack & Flow Technology, which delivers superior unit economics at scale. The company expects significant revenue growth in the second half of 2025 and plans to achieve positive adjusted EBITDA in early 2026.
Local Bounti Corporation (LOCL) reported a quarterly loss of $1.63 per share in its latest earnings report, compared to a Zacks Consensus Estimate of a loss of $1.95. This marks a significant improvement from the $3 per share loss reported in the same quarter last year [1]. The company's revenue for the quarter ended June 2025 was $12.1 million, up from $9.44 million in the same period last year, but this figure missed the Zacks Consensus Estimate by 1.6% [1].
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet