Local Bounti’s Network Yields at Record Levels, Retail Momentum Broadened – Quarterly Update Report

LOCL's network yields reached record levels, with commercial momentum expanding across new accounts and SKUs. Revenue grew 14% year-over-year to $13.9 million, while adjusted EBITDA loss improved 17% year-over-year to $5.8 million. The company's focus on higher revenue, lower adjusted G&A, and yield/cost-efficiency initiatives is supporting progress toward positive adjusted EBITDA.

Commercial momentum broadened with planned store pilots and expanded distribution for six SKUs, including a new Mid-South retailer and Rocky Mountain partner. LOCL's seed-to-package controlled environment and closed-loop water management reduce exposure to open-field agriculture risks. Retail sourcing conversations now incorporate water sourcing, environmental control, traceability, and food-safety monitoring.

LOCL's growing list of retail partners demonstrates its appeal to retailers seeking more traceable, controlled, and resilient fresh-produce supply.