Loop Industries Inc (OQ:LOOP)

Sector:  Basic Materials Industry:  Commodity Chemicals
See Regulatory Filings on SEC
Company Contact
Address: 480 Fernand-Poitras St
Tel: 1-450-9518555
Website: https://www.loopindustries.com
IR: See website
Key People
Daniel Solomita
Chairman of the Board, President, Chief Executive Officer
Nelson Gentiletti
Chief Financial Officer, Chief Operating Officer, Treasurer, Secretary
Nelson Switzer
Chief Growth Officer
Business Overview
Loop Industries Inc is a Canada-based technology company focused on plastics production. Through its patented technology, the Company produces Polyethylene terephthalate (PET)/Polyester plastic from fossil fuels by depolymerizing waste PET plastic and polyester fiber (water bottles, soda bottles, consumer packaging, carpets, polyester textiles and industrial waste) into its base building blocks. The Company's technology allows waste PET plastics to be upcycled into PET packaging for consumer goods companies. It specifically targets PET/Polyester plastic allowing the removal of all impurities, such as colors/dyes, labels and all organic and inorganic waste.
Financial Overview
For the nine months ended 30 November 2019, Loop Industries Inc revenues was not reported. Net loss increased 8% to $10.7M. Higher net loss reflects General and administrative - Balancing v increase from $1.6M to $3.8M (expense), Interest and other finance costs increase from $41K to $1.8M (expense), Stock-based Compensation in SGA increase from $755K to $1.7M (expense).
Employees: 34 as of May 2, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $370.17M as of Nov 30, 2019
Annual revenue (TTM): $0.00M as of Nov 30, 2019
EBITDA (TTM): -$11.31M as of Nov 30, 2019
Net annual income (TTM): -$18.30M as of Nov 30, 2019
Free cash flow (TTM): -$11.19M as of Nov 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 39,232,528 as of Jan 8, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization