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 three months ended 31 May 2020, Loop Industries Inc revenues was not reported. Net loss increased 8% to $3.9M. Higher net loss reflects Other Research and Development increase of 65% to $1.1M (expense), Depreciation and amortization increase of 56% to $256K (expense), Foreign exchange loss (gain) increase from $12K (income) to $77K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.10.
Employees: 53 as of Feb 29, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $384.86M as of May 31, 2020
Annual revenue (TTM): $0.00M as of May 31, 2020
EBITDA (TTM): -$12.47M as of May 31, 2020
Net annual income (TTM): -$14.80M as of May 31, 2020
Free cash flow (TTM): -$14.57M as of May 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 39,935,210 as of Jul 14, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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