Core Insights - Loop Industries is progressing on its India and Europe growth plans, highlighting a new multi-year supply agreement with Nike and ongoing project financing efforts [4] India Facility - The Infinite Loop India manufacturing facility is on budget and on schedule for completion by the end of 2027, with a multi-year, take-or-pay supply agreement with Nike as an anchor customer [3][7] - The facility is expected to have five to six customers in total, with ongoing discussions with additional consumer packaged goods and apparel companies [1][7] - The India project has a debt package of approximately $130 million, covering about 70% of project financing, with Loop's equity contribution expected to be around $28 million [6][18] Supply Agreements - Loop executed a supply contract with Nike, providing a fixed annual volume of "Twist," a textile-to-textile polyester resin, at a fixed price for multiple years [2] - The contract includes a "take-or-pay" element, ensuring Nike pays a percentage of the sales price even if it does not take delivery [2] European Strategy - Site selection for a licensed 70,000-ton European plant is nearing completion, with a lead site in Germany under negotiation [5][14] - A modular construction approach is being considered for the European plant, which could reduce capital costs by approximately 50% [5][12] - The European plant is expected to be primarily packaging-focused, with potential for textile processing depending on customer needs [16] Engineering and Construction - Toyo, a Japanese engineering and construction company, has been hired to complete detailed engineering for the India facility, which began on November 1 [11] - Engineering and milestone payments from the European project are anticipated to generate meaningful revenue and profits for Loop over the next three years [15] Financial Overview - Loop's cash operating expenses for the quarter were reported at $2.2 million, down $1.1 million year over year, with total liquidity available at $7.7 million [18] - The company is focused on raising the remaining financing needed for its equity contribution and operating expenses until the India facility becomes operational [19] Market Opportunity - Growing demand for textile-to-textile recycling is emphasized, driven by regulatory changes in Europe aimed at increasing recycled content in clothing [8] - Loop's technology is well-suited for processing post-consumer textile waste, which represents a significant market opportunity, with global polyester textiles totaling about 85 million tons per year [9]

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Loop Industries (NasdaqGM:LOOP) Q3 2026 Earnings call January 15, 2026 08:45 AM ET Company ParticipantsSpencer Hart - CFODaniel Solomita - CEOKevin O'Dowd - Head of Investor RelationsConference Call ParticipantsGerard Sweeney - AnalystVaryk Kutnick - AnalystMarvin Wolff - AnalystOperatorGood morning, ladies and gentlemen. Thank you for standing by, and welcome to Loop Industries' third quarter fiscal 2026 corporate update call. At this time, all participants are in a listen-only mode. Following prepared rem ...

Loop Industries (NasdaqGM:LOOP) Q3 2026 Earnings call January 15, 2026 08:45 AM ET Company ParticipantsSpencer Hart - CFODaniel Solomita - CEOKevin O'Dowd - Head of Investor RelationsConference Call ParticipantsGerard Sweeney - AnalystVaryk Kutnick - AnalystMarvin Wolff - AnalystOperatorGood morning, ladies and gentlemen. Thank you for standing by, and welcome to Loop Industries' third quarter fiscal 2026 corporate update call. At this time, all participants are in a listen-only mode. Following prepared rem ...

Financial Data and Key Metrics Changes - Cash operating expenses for Q3 were $2.2 million, reflecting a year-over-year decrease of $1.1 million [11] - Total liquidity available at the end of Q3 was $7.7 million, expected to decrease in the coming quarters [11][12] Business Line Data and Key Metrics Changes - The company executed a supply contract with Nike for a fixed amount of Twist, its textile-to-textile polyester resin, with a guaranteed take-or-pay element [4] - The textile-to-textile segment is becoming a significant growth driver due to new European regulations mandating recycled content in clothing [4][8] Market Data and Key Metrics Changes - 66% of all PET and polyester manufactured globally comes from the polyester textile side, amounting to approximately 85 million tons per year [8] - The demand for textile-to-textile recycling is increasing as European regulations will start being enforced in 2028 [7][8] Company Strategy and Development Direction - The Infinite Loop India manufacturing facility is on budget and on schedule, with construction expected to be completed by the end of 2027 [3][9] - The company is focusing on raising financing for its equity contribution to the ELITE project and ongoing operations until the Indian facility starts up [12] - The partnership with Reed Société Générale Group is progressing, with a lead site in Germany being negotiated for a similar plant [10][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the financing and operational progress, anticipating meaningful revenue and profitability from engineering fees in both India and Europe [16] - The company is uniquely positioned to capitalize on the growing demand for textile recycling due to its low-temperature depolymerization technology [8][74] Other Important Information - The company is engaged with multiple parties regarding financing to fund its investment in ELITE, with anticipated engineering revenues expected to support ongoing operations [12][67] - The Indian facility will have a total capacity of 170,000 tons, with significant amounts of textile waste available for processing [66] Q&A Session Summary Question: How much of the facility in India is under contract? - The company expects to have between five to six customers for the facility, currently having Nike and Tyrell Plus, with negotiations ongoing with several other brands [26] Question: Are pricing and margins similar for textile and packaging? - The textile side currently commands higher premiums due to regulatory pressures, while both sides are comparable depending on customer needs [29] Question: What is the size of the debt package for India? - The debt package for India is $130 million, with Loop's equity contribution being approximately $28 million [49][50] Question: What is the timeline for the India facility? - Construction is scheduled to be completed in Q4 of 2027, with detailed engineering already underway [35] Question: How does the CapEx for the European facility compare to India? - The European facility will be slightly more expensive due to transportation and reconnection costs, but existing utilities on-site will help offset some costs [62] Question: What is the expected payback period for the Indian plant? - The payback period for the Indian plant is expected to be less than three years [68]

Financial Performance - Loop Industries reported total revenues of $86,000 for Q3 2025, an increase of $34,000 compared to $52,000 in Q3 2024, primarily from engineering services provided to the India joint venture[13] - The net loss for Q3 2025 was $2.944 million, a decrease of $8.968 million from a net loss of $11.912 million in Q3 2024, attributed to reduced research and development and general administrative expenses[17] - For the nine-month period ended November 30, 2025, total revenues increased by $257,000 to $338,000, driven by $330,000 in engineering fees[20] - Net loss for the nine months ended November 30, 2025, was $9,595,000, a decrease from a net loss of $21,940,000 for the same period in 2024, indicating a 56.32% improvement[31] - The company reported a comprehensive loss of $2,937,000 for the three months ended November 30, 2025, compared to a comprehensive loss of $12,047,000 for the same period in 2024, indicating a 75.66% improvement[27] Expenses Management - Cash operating expenses for the quarter were $2.2 million, reflecting a year-over-year decrease of $1.1 million, with total available liquidity at $7.7 million[7] - Research and development expenses decreased by $410,000 to $967,000 in Q3 2025, compared to $1.377 million in Q3 2024, mainly due to lower external engineering costs[14] - General and administrative expenses decreased by $648,000 to $1.5 million in Q3 2025, compared to $2.148 million in Q3 2024, primarily due to reduced professional fees[15] - Total expenses for the three months ended November 30, 2025, were $2,626,000, significantly lower than $12,117,000 for the same period in 2024, marking a 78.32% decrease[27] Assets and Liquidity - Total assets as of November 30, 2025, were $11,290,000, a decrease from $18,578,000 as of February 28, 2025, showing a 39.66% decline[29] - Cash and cash equivalents at the end of the period were $5,204,000, down from $12,973,000 at the beginning of the period, representing a 59.92% decrease[31] Strategic Partnerships and Developments - Loop secured a multi-year offtake agreement with Nike for the sale of Twist™ polyester from its joint venture in India, marking a significant commercial milestone[4] - The company is progressing with project debt financing for the India joint venture, with term sheets received from international lenders[4] - Loop appointed Spencer Hart as Chief Financial Officer effective January 15, 2026, to lead financing discussions and support global expansion[6] - The company anticipates potential engineering services revenues and milestone payments from its projects in India and Europe, as well as benefits from partnerships with Nike and Reed Societe Generale Group[33] Technology and Sustainability Focus - Loop Industries is focused on developing technology to recycle PET plastic and polyester fiber, contributing to sustainability and a circular economy[32]

Technology and Innovation - Loop Industries has successfully operated its Terrebonne Facility for five years, demonstrating effective monomer recovery and supplying virgin-quality PET resin and polyester fiber to customers[92]. - The Infinite Loop™ Technology allows for the recycling of a wide range of contaminated PET and polyester fiber waste into virgin-quality materials, operating at low temperatures without added pressure[104]. - Loop's depolymerization technology can recycle materials infinitely without degrading quality, addressing the limitations of mechanical recycling[105]. - Loop's technology is designed to handle more contaminated feedstock compared to existing depolymerization methods, enhancing scalability[103]. - The Infinite Loop™ Technology is positioned to respond to the global transition towards a circular economy, focusing on recycling waste polyester that would otherwise be discarded[134]. Business Development and Partnerships - The company is advancing towards constructing an Infinite Loop™ manufacturing facility in India with a planned production capacity of 70,000 tons per year of Loop branded PET resin and polyester fiber[93]. - Loop has sold its first technology license to Reed Management SAS for an initial down payment of €10 million, with additional milestone payments as the project progresses[93]. - The company has entered into an Amended Agreement with Reed Management SAS to develop Infinite Loop™ manufacturing facilities in Europe[108]. - Loop has signed a multi-year offtake agreement with Nike, Inc. to supply agreed minimum volumes of Twist™, a virgin-quality circular polyester resin made exclusively from textile waste[146]. - The Company announced a strategic alliance with Hyosung TNC to expand access to circular polyester through textile-to-textile supply chains[149]. Financial Performance - The Company reported total revenues of $86, an increase of $34 compared to $52 for the same period in 2024, primarily from engineering services provided to the India joint venture[158]. - For the nine-month period ended November 30, 2025, total revenues increased by $257 to $338, compared to $81 for the same period in 2024[165]. - The net loss for the three-month period ended November 30, 2025, decreased by $8,968 to $2,944, compared to $11,912 for the same period in 2024[162]. - The net loss for the nine-month period ended November 30, 2025, decreased by $12,345 to $9,595, compared to $21,940 for the same period in 2024[171]. Expenses and Cash Flow - Research and development expenses decreased by $410 to $967 for the three-month period ended November 30, 2025, compared to $1,377 for the same period in 2024[159]. - General and administrative expenses decreased by $648 to $1,500 for the three-month period ended November 30, 2025, compared to $2,148 for the same period in 2024[160]. - Research and development expenses for the nine-month period ended November 30, 2025, decreased by $2,377 to $3,182, compared to $5,559 for the same period in 2024[167]. - General and administrative expenses for the nine-month period ended November 30, 2025, decreased by $2,636 to $5,018, compared to $7,654 for the same period in 2024[168]. - The Company reported a net cash used in operating activities of $7,372 for the nine months ended November 30, 2025, an improvement from $8,635 in the same period of 2024[190]. Investments and Financing - Loop issued 1,044,430 shares of Series B Convertible Preferred Stock at $10.00 per share to Reed Circular Economy as part of the financing and licensing transactions[109]. - The Company issued 1,044,430 shares of Series B CPS at $10.00 per share, resulting in cash proceeds of $10,395 on December 23, 2024[178]. - The Financing Facility with Investissement Québec has a maximum obligation of $3,291, with total disbursements of $3,290 received by the Company[179]. - The interest rate on the Financing Facility was increased from 2.36% to 4.36% through multiple amendments, with the latest amendment on February 5, 2025[182]. - The Company has approximately $14.1 million of capacity remaining under the At-the-Market Equity Offering as of November 30, 2025[153].

Core Insights - Loop Industries, Inc. has made significant progress in its Infinite Loop India project, including an offtake agreement with Nike and the awarding of a detailed engineering contract to Toyo Engineering [1] - The company is advancing its project debt financing for Infinite Loop India, indicating a strong commitment to the project's financial backing [1] - Spencer Hart has joined Loop as CFO, which may enhance the company's financial management and strategic direction [1] - An update call is scheduled for January 15, 2026, at 8:45 AM ET, providing an opportunity for stakeholders to receive further insights into the company's developments [1] Financial Results - Loop Industries reported its consolidated financial results for the third quarter of fiscal year 2026, reflecting the company's ongoing operational performance [1] - The financial results will likely provide insights into revenue, expenses, and overall profitability, although specific figures are not detailed in the provided content [1]

Core Insights - Many boards are approving AI strategies without clear visibility into the effectiveness of underlying controls, exposing CFOs to scrutiny from regulators, auditors, or investors [1] - Health care organizations face significant challenges in AI governance and controls, with many lacking essential capabilities [4][5] Industry Challenges - 53% of organizations cannot remove personal data from AI models once used, leading to long-term compliance risks under GDPR and other regulations [2] - 63% of organizations cannot enforce purpose limitations on AI agents, 60% lack kill-switch capabilities, and 72% do not have a software bill of materials for AI models [3] - The government sector faces the steepest challenges due to legacy systems, while health care is particularly weak in AI governance [4] Health Care Sector Insights - Over 80% of health care respondents have no API agents planned, reflecting a conservative approach to AI spending [5] - Health care has lagged behind other industries in adopting advanced technologies due to economic constraints, with operating margins typically around 2-3% [6][7] - AI is increasingly viewed as essential for financial sustainability in health care, with leaders recognizing its potential to improve operational efficiency [6] CFO Perspectives - Health care CFOs are under pressure to balance AI investment with limited resources, making technology decisions feel critical rather than experimental [7] - Quantifying AI's return on investment is challenging, complicating the decision-making process for CFOs [7][8] - CFOs are being asked to approve significant technology investments without the necessary internal expertise to evaluate or manage them [8]

This contract represents final engineering milestone, as project advances towards beginning of construction. MONTRÉAL, QUEBEC / ACCESS Newswire / December 16, 2025 / Loop Industries, Inc. (Nasdaq:LOOP) ("Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and textile-to-textile polyester, today announced that its India joint-venture ELITe ("Ester Loop Infinite Technologies pvt Ltd"), formed in ...