Earnings ·
Loop Industries reports Q2 fiscal 2027 net loss of $3.0 million and rescales India facility to 45 KTA
LOOPLoop Industries, Inc.
Loop Industries reported a net loss of $2,988,000 for the second quarter ended August 31, 2026, compared to a $3,204,000 loss in the prior year period. The company generated $117,000 in revenue from engineering services provided to its India joint venture. Cash operating expenses decreased by $800,000 year-over-year to $1.6 million, while total available liquidity stood at $1.9 million as of August 31, 2026. Additionally, the company announced it has rescaled its planned first commercial facility in India from a larger capacity to 45 kilotonnes per annum (KTA) to reduce capital requirements and accelerate development, targeting construction completion by the end of 2028. A special committee is actively evaluating financing alternatives to fund the joint venture's equity needs. Loop Industries operates as a clean technology company that develops patented processes to recycle low-value waste PET plastic and polyester fiber into virgin-quality resin.