The company reported an adjusted loss of $0.68 per share, compared with expectations for a loss of $0.50 per share. Local Bounti narrows net and adjusted EBITDA lossesThe company's second-quarter net loss improved to $19.8 million from $21.6 million in the same period of 2025. "Revenue grew 14% and adjusted EBITDA loss narrowed 17% year-over-year, demonstrating progression toward positive adjusted EBITDA," said Kathleen Valiasek, President and CEO of Local Bounti. Local Bounti attributed the decline to temporary packing inefficiencies at its Georgia facility as the company implements its channel diversification strategy. Local Bounti secures additional investmentFollowing the end of the quarter, Local Bounti received an additional $12.5 million investment from an existing strategic investor.