<span item_type="fundamental" item_id="e2d4a1be0f66495b29afff260bb0c2d8" counter_id="ST/US/LOCLW" env="prod"></span><span item_type="announcement" item_id="515971064896291585" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 11.61 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD -4.32.</p><p></p><h3>Segment Revenue</h3><p>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840780/000184078025000013/earningsrelease-20250331.htm"></span></p><h3>Operational Metrics</h3><p>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840780/000184078025000013/earningsrelease-20250331.htm"></span> General and administrative expenses increased by $2.3 million to $8.1 million, primarily due to higher stock-based compensation expense.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840780/000184078025000013/earningsrelease-20250331.htm"></span> 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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840780/000184078025000013/earningsrelease-20250331.htm"></span> Adjusted EBITDA loss was $8.8 million, compared to a loss of $6.9 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840780/000184078025000013/earningsrelease-20250331.htm"></span></p><h3>Cash Flow</h3><p>The company ended the quarter with cash and cash equivalents and restricted cash of $28.4 million as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840780/000184078025000013/earningsrelease-20250331.htm"></span></p><h3>Unique Metrics</h3><p>Local Bounti secured a $25 million equity investment and executed a term sheet for approximately $2.5 million in capital expenditure financing.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840780/000184078025000013/earningsrelease-20250331.htm"></span></p><h3>Outlook / Guidance</h3><p>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1840780/000184078025000013/earningsrelease-20250331.htm"></span></p>

LOCAL BOUNTI CORPORATION | 8-K: FY2025 Q1 Revenue: USD 11.61 M