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 six months ended 31 August 2019, Loop Industries Inc revenues was not reported. Net loss decreased 2% to $6.9M. Lower net loss reflects Interest Income - Non-Bank increase from $0K to $192K (income), Research and Development - Balancing val decrease of 9% to $1.3M (expense), Stock-based Compensation in R&D decrease of 5% to $630K (expense).
Employees: 34 as of May 2, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $375.19M as of Aug 31, 2019
Annual revenue (TTM): $0.00M as of Aug 31, 2019
EBITDA (TTM): -$10.97M as of Aug 31, 2019
Net annual income (TTM): -$17.37M as of Aug 31, 2019
Free cash flow (TTM): -$11.12M as of Aug 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 39,032,528 as of Aug 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization