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Loop Industries Q1 Loss Wider Than Expected on 80% Revenue Miss
Loop Industries posted a Q1 loss of $0.14 per share, wider than the $0.10 loss expected, as revenue slumped 80% to $0.3 million. The company is on track to commission its first commercial plant in 2027.
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Loop Industries (LOOP) reported a wider-than-expected loss for its fiscal first quarter, with revenue falling 80% from a year earlier as the plastics recycler continues to scale its depolymerization technology.
The Quebec-based company posted a net loss of $5.2 million, or $0.14 per share, for the three months through May 2026. Analysts had expected a loss of $0.10 per share. Revenue came in at $0.3 million, well below the $1.5 million consensus estimate, according to data compiled by Zacks.