Loop Industries Inc. Reports Q1 Fiscal 2026 Results: Revenues Surge to $252K, Net Loss Narrows to $3.4M, EPS at $(0.07)

Reuters
07-16
<a href="https://laohu8.com/S/LOOP">Loop Industries Inc</a>. Reports Q1 Fiscal 2026 Results: Revenues Surge to $252K, Net Loss Narrows to $3.4M, EPS at $(0.07)

Loop Industries Inc. has released its first quarter fiscal 2026 results, reporting a significant increase in revenues for the three-month period ended May 31, 2025. Revenues rose to $252,000, up from $6,000 in the same period of 2024. This increase was primarily due to $244,000 in engineering fees and $8,000 from sales of Loop™ PET resin produced at the Terrebonne Facility. The net loss for the quarter decreased to $3.447 million, compared to $5.189 million for the same period in 2024. This improvement in net loss was mainly attributed to a $1.262 million reduction in general and administrative expenses and an $863,000 decrease in research and development expenses, partly offset by a $359,000 increase in interest and other financial expenses and a $302,000 increase in loss on equity accounted investment. Loop Industries is also making progress in its international projects, with advancements in customer off-take agreements for India and the site selection process being finalized for its Indian facility. The company has signed an engineering services agreement for India and is employing a modular construction strategy to reduce capital expenditures and enhance returns for its European and future facilities.

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: 1049064) on July 15, 2025, and is solely responsible for the information contained therein.

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