Loop Industries, Inc. reported results for the current quarter of 2026 with revenue of $179K, a net loss of ($3.39M) and diluted loss per share of ($0.07), largely reflecting continued pre‑commercial operations and engineering services related to joint ventures.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$179K$252K(29%) | Net income²($3.39M)($3.45M)1.8% | Diluted EPS³($0.07)($0.07)0% |
¹ Reported as “Total revenues”. ² Reported as “Net loss”. ³ Reported as “Diluted loss per share”.
Business Highlights
- Commercialization progress: Closed first European license with Reed SG and formed Infinite Loop Europe to develop a 70k t/yr facility in Germany.
- India joint venture: 50/50 JV with Ester advancing — land acquired in Gujarat, FEED completed, and Tata/Toyo engineering awards; operations expected in 2028.
- Product and channel momentum: Launched Twist™ textile‑grade resin and secured multi‑year offtakes anchored by Nike, Taro Plast, plus LOIs with major apparel brands.
- Revenue mix: Near‑term revenues are primarily from engineering services to the India JV; product sales remain minimal while commercial plants are pre‑operational.
- Technology validation: The Terrebonne pilot has operated five years demonstrating consistent monomer recovery and supporting licensing and partner confidence.
Original SEC Filing:
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