Loop Industries Q2 net loss narrows on lower R&D expenses

Loop Industries

15/10/2026 21:40

Overview
US clean technology recycler's fiscal Q2 revenue rose yr/yr, driven by India JV engineering services
Net loss for fiscal Q2 narrowed yr/yr due to lower R&D and administrative expenses
Company rescaled India facility to reduce capital needs and accelerate construction timeline

Outlook
Company targets completion of India facility construction by end of 2028, startup in 2029
Loop is seeking capital to fund its equity contribution to the India JV and ongoing expenses
Company says timing and amount of future financing and revenue remain uncertain

Result Drivers
ENGINEERING SERVICES - Q2 revenue was generated from engineering services provided to the India JV
LOWER OPERATING EXPENSES - Q2 cash operating expenses fell yr/yr, mainly due to reduced employee compensation and insurance costs
RESCALED INDIA FACILITY - Co rescaled planned India facility to reduce capital requirement and support faster execution, per CEO Daniel Solomita

Company press release: ID:nACSL4XPfa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$117,000
$312,500 (2 Analysts)
Q2 Net Loss
 
$2.99 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy."
Wall Street's median 12-month price target for Loop Industries Inc is $4.55, about 1,230.4% above its October 14 closing price of $0.34

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)