Local Bounti Corporation

Good morning and welcome to Local Bounties' fourth quarter 2025 earnings conference call. All participants will be in a listen-only mode. Please note that today's event is being recorded. At this time, I'd like to turn the call over to Jeff Sonick, Investor Relations at ICR. Please go ahead.

Thank you. Today's presentation will be hosted by Local Bounties Executive Chairman Craig Hurlburt and President and Chief Executive Officer Kathleen Valasek. The comments made during today's call contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are considered forward-looking statements. These statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from the results discussed in the forward-looking statements. Some of these risks and uncertainties are identified and discussed in the company's filings with the SEC. We'll also refer to certain non-GAAP financial measures today. Please refer to the press release, which can be found on our investor relations website, investors.localbounty.com. for reconciliations of non-GAAP financial measures to their most directly comparable GAAP measures. And with that, I'd now like to turn the call over to Craig. Craig?

Thank you, Jeff, and good morning, everyone. I want to start by expressing my genuine gratitude to the entire Local Bounty team for their exceptional execution this quarter and, frankly, throughout all of 2025. The progress reflected in these results didn't happen by accident. It is the product of disciplined, focused work across every part of the organization, and I couldn't be more proud of what the team has built. As I step back and look at where Local Bounty stands today relative to where we were even a year ago, operationally, commercially, and financially, the trajectory is unmistakable. We have done the hard work necessary to get here and the external signals are starting to reflect it. The additional $15 million investment from an existing strategic investor is one such signal. It provides us with meaningful financial flexibility as we advance our priorities in 2026. And it speaks to the conviction building around local bounties positioning. With that, I'll now turn it over to Kathy.