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Loop Industries FY27 Q1 net loss narrows to USD 3.39 million; revenue falls to USD 179,000

PUBT·07/14/2026 20:30:59
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Loop Industries FY27 Q1 net loss narrows to USD 3.39 million; revenue falls to USD 179,000
  • Loop Industries posted Q1 FY2027 revenue of USD 179,000, down 28.97% year over year, entirely from engineering services for the India JV.
  • Net loss narrowed to USD 3.39 million, from USD 3.45 million a year earlier; loss per share was USD 0.07, unchanged.
  • Cash operating expenses were USD 1.6 million, down USD 1 million year over year, while cash and cash equivalents fell to USD 1.06 million at May 31.
  • Signed an LOI with a major global apparel company targeting up to 15,000 metric tons a year of PET resin under a multi-year offtake framework.
  • Europe JV selected BASF Industriepark Lausitz in Schwarzheide, Germany for its first facility; project moves into engineering and permitting expected to generate revenue this fiscal year.


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: 202607141630ACCESSWRNAPR_____1190643) on July 14, 2026, and is solely responsible for the information contained therein.