Streetbeat News

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.

Open

1.25

Mkt cap

60M

Volume

9.9K

High

1.26

P/E Ratio

-3.13

52-wk high

4.70

Low

1.24

Div yield

N/A

52-wk low

1.17

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

Loop Industries reported Q2 earnings per share (EPS) of $(0.10), in line with analyst consensus. This is a 37.5% increase over losses from the same period last year. Quarterly sales were $54.00K, beating the analyst consensus estimate of $20.00K by 170.00%, but a 60.00% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 11:29 am

Loop Industries reported Q1 losses of $(0.15) per share, missing the analyst consensus estimate of $(0.11) by 36.36 percent. However, this is a 60.53 percent improvement over losses of $(0.38) per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:43 pm

Loop Industries (NASDAQ:LOOP) reported Q4 earnings of $5.42 million, a 635.36% increase from Q3, while sales dropped 49.9% to $12 thousand. The company posted a return on capital employed (ROCE) of 0.16%, indicating effective capital allocation.

Portfolio Pulse from Benzinga Insights

May 25, 2023 | 2:58 pm

Loop Industries reported Q4 net income of $5.42 million, compared to a loss of $14.27 million last year. Revenues for the quarter were $0.01 million, resulting from the delivery of initial volumes of Loop™ PET resin produced at the Terrebonne Facility.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 9:46 pm

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