Local Bounti Corporation reported a 38% year-over-year increase in sales for the first quarter of 2025, reaching $11.6 million compared to $8.4 million in the same period last year. This growth was attributed to increased production and sales from their Georgia facility and new facilities in Texas and Washington, which began operations in the second quarter of 2024. However, the company recorded a net loss of $37.7 million for the first quarter of 2025, up from a net loss of $24.1 million in the prior year period. The increase in net loss was primarily due to higher interest expenses, particularly a $5.6 million decrease in capitalized interest related to the construction of new facilities. The adjusted EBITDA loss for the quarter was $8.8 million, compared to a loss of $6.9 million in the prior year period and a loss of $9.3 million in the fourth quarter of 2024. Local Bounti reaffirmed its path to achieving positive adjusted EBITDA by the third quarter of 2025, supported by expanded distribution, yield improvements, and disciplined cost management. The company emphasized the significant operational strides made, especially in its Georgia facility, and expects similar yield improvements in its Washington and Texas facilities later in the year.