Loop Industries Q3 net loss narrows to USD 2.9 million, research and development expenses down 30%

Reuters
01/15
Loop Industries Q3 net loss narrows to USD 2.9 million, research and development expenses down 30%

Loop Industries Inc. reported its financial results for the third quarter (Q3) and nine months (9M) ended November 30, 2025. For Q3, the company posted revenues of USD 86 thousand from services, with no product revenues recorded during the period. For the nine-month period, Loop Industries Inc. reported revenues of USD 330 thousand from services and USD 52 thousand from products. The company reported a net loss of USD 2.9 million for Q3, translating to a basic and diluted net loss per share of USD 0.06. For the nine-month period, the net loss amounted to USD 9.6 million, with a basic and diluted net loss per share of USD 0.20. The weighted average number of common shares outstanding for Q3 was 48.1 million, and 47.8 million for the nine-month period. Other comprehensive loss for Q3 included a foreign currency translation adjustment of USD 7 thousand. Loop Industries Inc. provided updates on its development projects, including an offtake agreement for Infinite Loop India with Nike, the awarding of a detailed engineering contract for Infinite Loop India to Toyo Engineering, and continued progress on project debt financing for Infinite Loop India.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Loop Industries Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1127238) on January 14, 2026, and is solely responsible for the information contained therein.

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