Loop Industries Records $0.12 Million Q2 Revenue as Quarterly Net Loss Improves 6.7%

Net Income YoY

+6.7%

Key highlights

• Quarterly revenue reached $0.12 million compared to zero revenue in the prior year period
• Net loss for the quarter improved by 6.7% year-over-year to $2.99 million
• Diluted loss per share narrowed to $0.06 from $0.07 in the second quarter of fiscal 2025
• Six-month net loss totaled $6.37 million, a slight improvement from the $6.65 million loss previously reported
• Company issued a going concern warning with cash and equivalents declining to $0.84 million

How the Period Went

Loop Industries recorded revenue of $0.12 million for the second quarter of fiscal 2026, an upward move from the $0.00 million reported in the corresponding period of fiscal 2025. This incremental increase in top-line activity was accompanied by a reduction in the company's bottom-line deficit. The net loss for the quarter was $2.99 million, representing a 6.7% improvement compared to the $3.20 million net loss reported a year earlier. This resulted in a diluted loss per share of $0.06. For the six-month period ending August 31, 2026, the cumulative net loss reached $6.37 million, narrowing slightly from $6.65 million in the prior year period.

Margins and Profitability

Despite the slight improvement in year-over-year net income, the company's balance sheet remains under significant pressure. Loop Industries reported a stockholders' deficit of $14.13 million as of August 31, 2026. The company’s liquidity position tightened during the period, with cash and cash equivalents dropping to $0.84 million. These financial conditions led management to issue a going concern warning, indicating substantial doubt about the company's ability to continue operations without securing additional financing or generating consistent commercial cash flow. The narrowing of the net loss was primarily driven by the introduction of modest revenue and controlled expenditure compared to the previous year.

Business Overview

• Specializes in the depolymerization of waste PET plastic and polyester fiber into virgin-quality monomers
• Proprietary Infinite Loop technology aims to provide sustainable solutions for the global specialty chemicals and packaging sectors
• Reported $0 contracted revenue backlog as of August 31, 2026, though long-term offtake agreements remain in place (source: stockanalysis.com)
• Construction of a 45 KTA rescaled Infinite Loop India facility is targeted for completion by the end of 2028 (source: ca.investing.com)
• Startup and commissioning of the Indian production assets are currently scheduled for 2029

Financial Context

Market sentiment toward Loop Industries has been characterized by significant downward pressure, with the stock price declining 60.8% over the last quarter. The current market capitalization of approximately $18.01 million reflects the impact of recent volatility and the company's ongoing capital requirements. Technical indicators show a Relative Strength Index of 35.2, placing the security near the oversold threshold. This market performance coincides with a period where the company has not provided quantitative revenue or EPS guidance (source: chartmill.com), leaving investors to focus on upcoming milestones like the India facility update scheduled for October 16, 2026 (source: finanznachrichten.de).

Loop Industries, Inc. · financial snapshot

Share price	$0.37
Market cap	$18M
Revenue (annual)	$514,000
1-month price change	-21.35%
Sector	Basic MaterialsSpecialty Chemicals

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.