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LOOP

Loop Industries, Inc.

https://www.loopindustries.com

Industry

Chemicals - Specialty

Loop Industries, Inc., a technology company, focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. It polymerized monomers into virgin-quality PET resins for use in food-grade plastic packaging, such as plastic bottles for water and carbonated soft drinks, and containers for food and other consumer products; and polyester fibers, including textiles, clothing, and apparel. The company was incorporated in 2010 and is based in Terrebonne, Canada.

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Loop Industries is reviewing contingency plans for bridge financing if the closing of its agreement with Reed Management SAS extends beyond the end of Q2. The company remains confident in meeting the closing conditions and expects the transaction to close by the end of Q2.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 9:41 pm

Loop Industries (NASDAQ:LOOP) reported Q1 2025 GAAP EPS of $(0.11), missing the $(0.09) estimate. Sales were $6.000K, significantly below the $75.000K estimate. EPS improved from $(0.15) last year, but sales dropped 77.78% from $27.000K.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 9:29 pm

Loop Industries and Reed Management have signed a €35 million deal to advance the global commercialization of Loop's Infinite Loop technology.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 8:25 am

Loop Industries (NASDAQ:LOOP) reported FY 2024 GAAP EPS of $(0.44), meeting analyst expectations, and sales of $153 million, beating the $148 million estimate. Despite the sales beat, revenue decreased by 11.56% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 7:07 am

Loop Industries, Inc. (NASDAQ:LOOP) has announced a collaboration with Swiss sportswear brand On to launch the Cloudeasy Cyclon shoe, which features an upper made from Loop's 100% recycled polyester fiber using their Infinite Loop™ fiber-to-fiber recycling technology.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:53 pm

The correct ticker symbol for Hour Loop is HOUR, not LOOP as may have been previously suggested.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:11 pm

Hour Loop provided its FY24 revenue guidance, projecting revenues to be between $145M-$172M, which is below the estimated $181.3M.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:10 pm

Loop Industries reported a wider loss in Q3 with an EPS of $(0.09) compared to $(0.02) year-over-year, and sales of $26.00K, which missed the estimated $30.00K.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 10:40 pm

Loop Industries (NASDAQ:LOOP) reported a Q3 adjusted loss of $(0.08) per share, missing the $(0.07) estimate by 11.43%, and a 290% increase from $(0.02) last year. Sales were $26K, missing the $30K estimate by 13.33%, but a 4.32% increase from $24.92K last year.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:45 pm

A correction has been issued regarding the ticker symbol for Loop Media, Inc. The correct ticker symbol is 'LPTV', not 'LOOP'.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 9:18 pm

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