Loop Industries, Inc. SEC 10-Q Report

Loop Industries, Inc., a leading innovator in sustainable plastic manufacturing, has released its Form 10-Q report for the third quarter of 2025. The report highlights significant financial improvements and operational advancements, reflecting the company's ongoing efforts to commercialize its proprietary Infinite Loop™ technology and expand its global footprint.

Financial Highlights

Revenues: Loop Industries reported revenues of $0.252 million for the third quarter of 2025, marking an increase of $0.246 million compared to the same period in 2024. This growth was primarily driven by engineering fees and sales of Loop™ PET resin.

Net Loss: The company recorded a net loss of $(3.447) million, a significant improvement of $1.742 million from the same period in 2024. The reduction in net loss was mainly due to decreases in general and administrative expenses and research and development expenses.

Net Loss Per Share: Net loss per share improved to $(0.07) from $(0.11) in the same period in 2024, reflecting the reduced net loss.

Business Highlights

Revenue Segments: The company generated $244,000 in engineering fees related to an agreement with its joint venture in India, ELITe, for the planned Infinite Loop™ facility. Additionally, $8,000 was generated from sales of Loop™ PET resin produced using monomers manufactured at the Terrebonne Facility.

Geographical Performance: Loop Industries is advancing towards the construction of an Infinite Loop™ manufacturing facility in India through its joint venture with Ester Industries Ltd. The facility is expected to have a production capacity of 70,000 tons per year of Loop branded PET resin and polyester fiber.

New Production Launches: The company is progressing with its joint venture in India to build an Infinite Loop™ manufacturing facility. The facility is expected to break ground in the second half of calendar 2025, with commercial operations projected to commence in calendar 2027.

Future Outlook: Loop Industries plans to commercialize its Infinite Loop™ technology through direct investments with strategic partners and technology licensing. The company aims to expand globally, focusing on low-cost manufacturing regions and leveraging partnerships to integrate its technology with partners' operational capabilities. Additionally, the company is implementing a modular construction strategy to reduce capital expenditures and improve project timelines, aiming to enhance scalability for future projects across Europe and other regions.

SEC Filing: Loop Industries, Inc. [ LOOP ] - 10-Q - Jul. 15, 2025