Loop Industries reported first-quarter fiscal 2027 results with total revenues of $179,000 and a net loss of $3.385 million for the three months ended May 31, 2026. Cash and cash equivalents were $1.063 million at quarter end and total available liquidity was stated as $3.6 million. Management highlighted an offtake LOI with a major global apparel brand and ongoing engineering progress in India and Europe.

Financial Highlights

  • Total revenues: $179 thousand for the three months ended May 31, 2026 (down from $252 thousand a year earlier).
  • Cost of services: $179 thousand for the quarter.
  • Total expenses (operating plus other): $3.564 million (as presented) for the quarter.
  • Net loss: $3.385 million for the quarter ended May 31, 2026 (compared with $3.446 million a year earlier).
  • Cash and cash equivalents: $1.063 million as of May 31, 2026; total available liquidity reported at $3.6 million.

Business Highlights

  • India joint venture (Infinite Loop India): Executed a multi-year offtake letter of intent in June 2026 with a major global apparel company targeting up to 15,000 metric tons annually of Loop’s PET fiber-grade resin.
  • Engineering progress for India JV: Toyo Engineering India is advancing detailed engineering for the India facility while Loop’s internal engineering team continues to meet milestones and generate engineering services revenue.
  • India project financing advancing: Debt syndication for the India JV has progressed to the technology due diligence phase.
  • European JV with Reed Societe Generale Group: Infinite Loop Europe selected BASF Industriepark Lausitz in Schwarzheide, Germany as the site for its first facility; project moving into engineering and permitting expected to generate engineering services revenue.
  • Management engagement: Company scheduled a corporate update call to discuss commercial, strategic and project development activities and emphasized pursuit of non-dilutive and strategic funding to support equity contribution and pre-operational expenses.

Original SEC Filing:

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