Loop Industries Reports Second Quarter Fiscal 2027 Results and Announces Plan to Expedite Development of India Facility
Key Highlights
- ➤India facility rescaled to 45 KTA, targeting construction completion by end-2028
- ➤Q2 revenue $117,000, entirely from engineering services to India JV
- ➤Q2 net loss narrowed to $2.988 million from $3.204 million year-over-year
- ➤Cash operating expenses fell $0.8 million year-over-year to $1.6 million
- ➤Available liquidity $1.9 million; Loop continues seeking India JV equity funding
Expert Statements
Daniel Solomita, Founder and CEO of Loop Industries
“We continue to refine our commercial roadmap with a focus on disciplined capital allocation and project execution.”
Daniel Solomita, Founder and CEO of Loop Industries
“Rescaling the planned India facility to 45 KTA is intended to lower the project's capital requirement while retaining the benefits of regional feedstock availability and a lower-cost operating environment.”
Daniel Solomita, Founder and CEO of Loop Industries
“Alongside our advancing partnership in Europe, Loop is building a highly scalable, economically attractive foundation for global growth.”
MONTRÉAL, QC / ACCESS Newswire / October 15, 2026 / Loop Industries, Inc. (Nasdaq:LOOP) (the "Company," "Loop," "we," "us," or "our") a clean technology company that has developed patented and proprietary processes to recycle low-value waste polyethylene terephthalate (PET) plastic and polyester fiber into virgin-quality PET resin, today reported its consolidated financial results for the second quarter of fiscal year 2027 and provided a status update on its commercial development project in India.
Infinite Loop™ India: Optimizing scale to Support Faster Execution
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