Loop Industries Inc (OQ:LOOP)
Business Focus: Plastics
| Sector: Basic Materials | Industry: Commodity Chemicals |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 480 Fernand-Poitras St TERREBONNE QC J6Y 1Y4 |
| Tel: | 1-617-7554602 |
| Website: | https://www.loopindustries.com |
| IR: | See website |
| Key People | ||
| Daniel Solomita Chairman of the Board, President, Chief Executive Officer | Fady Mansour Chief Financial Officer | Stephen E. Champagne Chief Technology Officer |
| Business Overview |
| Loop Industries, Inc. is a Canada-based clean technology company. The Company owns patented and proprietary technology that depolymerizes noand low-value waste polyethylene terephthalate (PET) plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling its customers to meet their sustainability objectives. Its Infinite Loop provides an end-to-end industrial solution to supply the global demand for Loop PET resin made from recycled content. Loop PET plastic and polyester fiber can be recycled infinitely. The Company reduces plastic waste and recovering waste plastic. |
| Financial Overview |
| For the nine months ended 30 November 2023, Loop Industries Inc revenues decreased 33% to $107K. Net loss decreased 40% to $16M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Stock-based Compensation in SGA decrease of 92% to $665K (expense), Other Research and Development decrease of 44% to $7.9M (expense). |
| Employees: | 60 as of Nov 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $120.38M as of Nov 30, 2023 |
| Annual revenue (TTM): | $0.12M as of Nov 30, 2023 |
| EBITDA (TTM): | -$20.43M as of Nov 30, 2023 |
| Net annual income (TTM): | -$10.57M as of Nov 30, 2023 |
| Free cash flow (TTM): | -$29.57M as of Nov 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 47,528,908 as of Jan 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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