LOOP
Loop Industries, Inc.0.9200
-0.0450-4.66%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Q&A details offtake, CapEx, scalability
Q&A elaborated India offtake beyond Nike and Taro Plast, targeting 5-6 customers total including 3-4 CPG/apparel deals for packaging and higher-premium textiles driven by EU rules. Europe's 70k-ton modular plant in Germany will cost slightly more than India's $0.61/lb CapEx—offset by existing utilities—but mainly serve packaging. India needs $130M debt (70%) and Loop's $28M equity; site expands to 170k tons via cash flows with under-3-year payback. Timelines hold for Q4 2027 completion. Nike anchors demand. Management stayed crisp on progress; investors track financing and final contracts.
Key Stats
Market Cap
44.20MP/E (TTM)
-Basic EPS (TTM)
-0.25Dividend Yield
0%Recent Filings
10-Q
Q3 FY2026 results
Loop Industries narrowed its Q3 net loss to $2.9M from $11.9M y/y, excluding last year's $8.5M machinery impairment, while nine-month loss shrank to $9.6M from $21.9M amid cuts in R&D (down 41% y/y to $3.2M) and G&A (down 34% to $5.0M). Revenues ticked up to $86K from $52K on engineering services for the India JV, versus prior product sales. Cash fell to $5.2M with $7.4M operating burn, offset by $0.9M ATM equity; $2.5M credit line available, $3.0M debt to Investissement Québec (4.36% rate, repayments through 2030). India JV advanced with Gujarat land deal and detailed engineering award. Ongoing SEC probe lingers.
8-K
Q3 loss narrows; Nike deal, new CFO
Loop Industries reported Q3 fiscal 2026 results on January 14, 2026, with net loss shrinking to $2.9M from $11.9M year-over-year, driven by lower R&D and G&A expenses plus no repeat asset impairment. Key wins: Nike offtake deal for India JV, Toyo engineering contract awarded, and Spencer Hart named CFO effective January 15. Cash at $5.2M demands fresh financing. Progress accelerates commercialization.
8-K
Hart named CFO with big options
Loop Industries appointed board member Spencer Hart as CFO effective January 15, 2026, bringing 30+ years in investment banking. He gets $200,000 base, up to 75% bonus, and 1,000,000 options at $1.02 vesting over five years—or faster if India plant hits 12,500 MT PET quarterly. Hart resigns from committees; board loses independence majority but leans on controlled company status for continuity. Options tie pay to plant success.
8-K
Q2 loss narrows; India advances
Loop Industries reported Q2 fiscal 2026 results on October 15, 2025, posting a net loss of $3.2M, down from $4.8M last year, with cash operating expenses at $2.43M and liquidity of $9.86M. Key progress: secured offtake deals with a top sports apparel brand and Taro Plast, plus alliances with Shinkong and Hyosung TNC. India JV signed for 93-acre site at $10.5M. Cash burn continues.
10-Q
Q2 FY2026 results
Loop Industries narrowed its Q2 net loss to $3.2M from $4.8M y/y, while six-month loss shrank to $6.7M from $10.0M, driven by R&D expenses dropping 57% to $2.2M and G&A down 36% to $3.5M y/y on lower external engineering and legal costs for partnerships. Revenues ticked up to $252K YTD from engineering services for the India JV, versus $29K prior. Cash fell to $7.3M with $5.6M operating burn, yet $9.9M liquidity holds with $2.5M undrawn credit facility; $3.1M debt matures through FY2030. India JV secured 93 acres in Gujarat. Dilution risk looms from ATM equity sales.
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