On the call, management said it expects the India plant to have roughly five to six customers in total. Solomita said Loop currently has Tyrell Plus and Nike under contract and is in discussions with additional consumer packaged goods (CPG) and apparel companies to secure offtake commitments to fully contract the facility’s capacity.During the quarter, Loop executed a supply contract with Nike to serve as an anchor customer for the India facility. Solomita described the agreement as providing a fixed annual ...

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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 ...

Loop Industries (NasdaqGM:LOOP) Q3 2026 Earnings call January 15, 2026 08:45 AM ET Speaker3Good 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 remarks, we will open the call for questions. Instructions will be provided at that time. This conference call is being recorded today, Thursday, January 15th, 2026. The earnings release accompanying ...

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].

OFFTAKE AGREEMENT FOR INFINITE LOOP INDIA WITH NIKE AWARD OF DETAILED ENGINEERING CONTRACT FOR INFINITE LOOP INDIA TO TOYO ENGINEERING CONTINUED PROGRESS ON PROJECT DEBT FINANCING FOR INFINITE LOOP INDIA SPENCER HART JOINS LOOP AS CFO LOOP MANAGEMENT TO HOLD UPDATE CALL AT 8:45 AM ET ON THURSDAY, JANUARY 15, 2026. MONTRÉAL, QUEBEC / ACCESS Newswire / January 14, 2026 / Loop Industries, Inc. (Nasdaq:LOOP) (the "Company," "Loop," "we," "us," or "our"), today reported its consolidated financial results for the ...

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 ...