Limoneira Q2 Revenue Plunges, Net Loss Widens to $21.4M; Adjusted EBITDA Loss Increases
Summary
Limoneira reported Q2 FY2026 revenue of $23.9 million, a significant decrease from $35.1 million in the prior-year quarter. The company posted a substantial net loss of $21.4 million ($1.20 diluted EPS) and an adjusted EBITDA loss of $1.7 million, which widened from $0.2 million in Q2 FY2025. Adjusted diluted net loss per share of $0.29 missed analyst estimates of $0.21. This follows the SEC 8-K filed just minutes prior, which also highlighted the significantly wider net loss and missed adjusted EPS estimates. The continued revenue decline and widening losses indicate ongoing operational challenges, despite strategic moves like raising avocado volume guidance, forming a joint venture, and selling assets to monetize water rights and generate capital.
At the time of this announcement, LMNR was trading at $12.10 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $219.1M. The 52-week trading range was $11.67 to $17.19. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.