Loop Industries Inc
NASDAQ:LOOP

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Loop Industries Inc Logo
Loop Industries Inc
NASDAQ:LOOP
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Price: 1.05 USD 0.96% Market Closed
Market Cap: 50.4m USD

Loop Industries Inc
Investor Relations

Loop Industries, Inc. focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. The company is headquartered in Terrebonne, Quebec and currently employs 84 full-time employees. The company went IPO on 2012-09-27. The firm owns a technology that depolymerizes waste polyethylene terephthalate (PET) plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create Loop branded PET resin suitable for use in food-grade packaging and polyester fiber. Its Generation I technology (GEN I) is a hydrolysis-based depolymerization technology, which yields purified terephthalic acid (PTA) and monoethylene glycol (MEG), two common monomers of PET. Its Generation II technology (GEN II) is a methanolysis-based depolymerization technology that uses temperatures below 90 °C to depolymerize waste PET and polyester fiber. The company uses waste PET plastic and polyester fiber as feedstock. Loop Canada Inc. is its subsidiary.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Oct 16, 2025
AI Summary
Q2 2026

Major Commercial Progress: Loop inked an anchor supply contract with a leading global sports apparel brand for its India facility, featuring fixed pricing and take-or-pay terms.

Diversified Contracts: The company also secured agreements with Italian specialty polymer maker Taro Plast for recycled DMT and partnerships with textile leaders Hyosung and Shinkong.

Project Cost Control: Land for the Indian plant was acquired for $10.5 million, $5 million less than projected, and overall construction is $6 million under budget.

Strong Financing Momentum: Debt syndication for the India project is progressing well, with multiple term sheets received from major banks and institutions and terms in line with expectations.

Expense Management: Cash operating expenses were cut to $2.43 million for the quarter, a $1.74 million year-over-year decrease, and are expected to decrease further.

Expansion Plans: The Indian site can accommodate a second, larger plant, and Europe project site selection is nearing completion with potential for significant milestone and engineering revenues.

Key Financials
Cash Operating Expenses
$2.43 million
Available Liquidity
$9.86 million
Land Acquisition Cost
$10.5 million
Project Construction Cost Estimate
$176 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Daniel Solomita
Founder, Chairman of the Board, CEO & President
No Bio Available
Mr. Fady Mansour
CFO, Principal Accounting Officer & Principal Financial Officer
No Bio Available
Mr. Stephen Champagne
Chief Technology Officer
No Bio Available
Mr. Kevin C. O'Dowd
Vice President of Communications & Investor Relations
No Bio Available
Giovanni Catino
Vice President of Sales & Business Development
No Bio Available
Mike De Notaris
Vice President of Corporate Development
No Bio Available
Andrea Kostiuk
Vice President of Marketing & Communications
No Bio Available

Contacts

Address
QUEBEC
Terrebonne
480 Fernand-Poitras St
Contacts