Business Expansion and Joint Ventures - Loop Industries aims to construct commercial scale facilities for its Infinite Loop™ Technology, with financing discussions currently underway [80]. - The India joint venture with Ester Industries is expected to produce 70,000 tonnes of rDMT and 23,000 tonnes of rMEG annually [93]. - Initial funding required for the India JV is projected at $165 million, with both Loop and Ester contributing 50% of the equity capital [96]. - The Infinite Loop™ India facility is anticipated to commence commercial operations in early 2027 [95]. - The India JV will leverage local expertise in sourcing PET plastic and polyester fiber waste feedstocks [92]. - The company is pursuing joint ventures with SKGC in Asia and Europe to build and operate Infinite Loop™ manufacturing facilities [115]. Technology and Sustainability - Loop's rDMT and rMEG are positioned to address a global shortage in DMT and high demand for low carbon MEG, providing sustainable alternatives [89][90]. - The company’s technology allows for the recycling of a wider variety of PET feedstock, including complex and degraded plastics [81]. - Loop's depolymerization technology enables the production of virgin-quality PET resin suitable for food-grade packaging [78]. - Loop's technology offers a closed-loop system for plastic waste, allowing for infinite recycling without degrading material quality [86]. - The Infinite Loop™ Technology aims to transition from fossil fuels to a circular economy by recycling waste plastic into PET plastic and polyester fiber [111]. Financial Performance - Revenue for the three-month period ended May 31, 2024, decreased by $21 to $6, compared to $27 for the same period in 2023, resulting from initial deliveries of Loop™ PET resin [126]. - Research and development expenses for the same period decreased by $2,253 to $2,237, primarily due to a $1,233 decrease in machinery and equipment purchases and a $527 decrease in external engineering costs [127]. - General and administrative expenses increased by $446 to $2,911, mainly due to a $636 increase in professional fees related to partnerships with Reed and Ester [128]. - The net loss for the three-month period ended May 31, 2024, decreased by $1,812 to $5,189, compared to $7,001 for the same period in 2023 [130]. - The company’s liquidity position consists of cash and cash equivalents of $5,291 as of May 31, 2024 [131]. - The Company estimates that current available liquidity and forecasted net cash flows will not be sufficient to meet its obligations and budgeted expenditures for the next twelve months [132]. Cash Flow and Financing - During the three months ended May 31, 2024, the Company used $3,915 in operating activities, a decrease from $5,504 in the same period in 2023, primarily due to reduced operating expenses [142]. - The Company used $176 in investing activities during the three months ended May 31, 2024, compared to $2,122 in the same period in 2023, with investments focused on patent technology [143]. - The Company borrowed $2,517 under the Credit Facility during the three months ended May 31, 2024, while repaying $25 of long-term debt [144]. - The interest rate on the Financing Facility was increased from 2.36% to 3.36% as per the Second Financing Facility Amendment [137]. - The Company has a long-term debt obligation of up to $3,390 related to the Financing Facility, with disbursements totaling $3,390 received to date [135]. - A total of $37 of the principal amount was repaid in monthly installments in the fiscal year ended February 29, 2024, with the remainder repayable in 72 monthly installments [136]. - The Company is seeking additional financing through various means, including debt and equity issuance, but there is no assurance of success [133]. - The Company is in compliance with the minimum equity covenant of the Credit Facility as of May 31, 2024 [139]. - The net decrease in cash for the three months ended May 31, 2024, was $1,667, compared to a decrease of $7,621 in the same period in 2023 [140].

Financial Data and Key Metrics Changes - Total research and development costs for the quarter ended February 29 were $3 million, which would have been $1.7 million if excluding non-recurring items, resulting in a decrease of 23% over the prior period [9] - The company had $7 million in cash and a total liquidity of $9.5 million, providing a runway until financing is resolved [10] Business Line Data and Key Metrics Changes - The Infinite Loop India facility is expected to produce 70,000 metric tons of DMT and 23,000 tons of MEG, addressing a market opportunity greater than $20 billion annually [4][5] - The expected EBITDA for the Indian facility is $70 million per year, with Loop owning 50% [58] Market Data and Key Metrics Changes - Virgin petroleum-based DMT is selling for $1,950 per metric ton, and MEG is selling at $835 per metric ton, with a combined price of $2,785 [57] - The Indian economy is the fastest growing in the world, attracting capital and manufacturing, particularly in the textile industry [25] Company Strategy and Development Direction - The company is focusing on low-cost manufacturing in India to enhance shareholder returns and plans to build multiple plants [26][30] - The partnership with Reed is aimed at funding Loop's global expansion while maintaining a non-dilutive financing structure [8][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the pricing stability of MEG and the slight increase in DMT prices due to global shortages [14] - The company is excited about the India opportunity, citing favorable demographics and supply-demand dynamics in the monomer business [29][39] Other Important Information - The partnership with Ester Industries is a 50-50 joint venture, with Loop receiving a 5% royalty fee on all revenue generated from the facility [28] - The company is leveraging its existing engineering package and major equipment suppliers from its Canadian facility for the India project [59] Q&A Session Summary Question: Could you go over the economics of the India plant? - The facility will produce 70,000 metric tons of DMT and 23,000 tons of MEG, with pricing slightly above the five-year average due to global shortages [14][23] Question: How are you ensuring CapEx pricing does not escalate for the India project? - Management is confident in the $165 million CapEx estimate, citing significantly lower labor rates in India compared to other countries [51] Question: Will the marketing strategy change with the introduction of DMT and MEG? - The marketing strategy will remain focused on branding Loop materials, as the company is selling chemicals rather than final products [52]

Financial Performance - Revenues for Q4 2024 increased to $45 million, up from $12 million in Q4 2023, representing a $33 million increase [18]. - The net loss for Q4 2024 was $5.1 million, compared to a net income of $5.4 million in Q4 2023, reflecting a $10.5 million unfavorable change [21]. - Loop Industries reported total revenues for the fiscal year 2024 of $153 million, down from $173 million in fiscal year 2023, a decrease of $20 million [24]. - Revenue for the year ended February 29, 2024, was $153,000, a decrease of 11.6% from $173,000 in 2023 [30]. - The net loss for the year ended February 29, 2024, decreased by $214 to $21,087 compared to $21,301 for the same period in 2023 [28]. - The company reported a comprehensive loss of $21,016 for the year ended February 29, 2024, compared to $22,346 in 2023 [30]. Expenses - Research and development expenses for Q4 2024 rose to $3.018 million, an increase of $805, primarily due to a significant inventory write-down [19]. - General and administrative expenses for the fiscal year 2024 decreased to $9.988 million, down from $20.429 million in fiscal year 2023, a reduction of $10.441 million [26]. - Research and development expenses decreased by $5,967 to $11,379, a reduction of 34.4% compared to $17,346 in 2023 [30]. - General and administrative expenses decreased by $10,441 to $9,988, a reduction of 51.2% from $20,429 in 2023 [30]. - Total expenses for the year ended February 29, 2024, were $21,902, down 42.5% from $38,325 in 2023 [30]. Cash Flow and Assets - Cash and cash equivalents decreased significantly from $29,591 in 2023 to $6,958 in 2024, a decline of 76.5% [32]. - Total assets decreased from $40,560 in 2023 to $20,553 in 2024, a reduction of 49.3% [33]. Strategic Initiatives - The company established a 50/50 joint venture with Ester to create an Infinite Loop™ manufacturing facility in India, with an estimated capital investment of $165 million [4]. - Loop and SKGC are exploring the construction of a monomer facility in Ulsan, South Korea, to capitalize on the growing market for DMT and MEG [6]. - Loop anticipates a 5% annual royalty payment on sales from the new manufacturing facility in India, contributing to strong cash flows [4]. - Financing negotiations with Reed are progressing well, with expectations to finalize binding agreements by the end of Q2 FY 2025 [10]. Product Development - The company launched the Cloudeasy Cyclon shoe in collaboration with On, utilizing 100% recycled polyester fiber from Loop's Infinite Loop™ technology [11]. Sustainability Goals - Loop Industries aims to accelerate the shift toward sustainable PET plastic and polyester fiber, contributing to a circular economy by recycling waste plastics [37]. Shareholder Information - The weighted average common shares outstanding increased slightly from 47,418,949 in 2023 to 47,522,483 in 2024 [30].

Revenue Performance - Revenues for the three-month period ended February 29, 2024, increased by $33 to $45, compared to $12 for the same period in 2023, driven by initial deliveries of Loop™ PET resin [221]. - For the fiscal year ended February 29, 2024, revenues decreased by $20 to $153, compared to $173 for the same period in 2023, attributed to initial deliveries of Loop™ PET resin [227]. - Revenue for the year ended February 29, 2024, was $153,000, a decrease of 11.6% compared to $173,000 for the year ended February 28, 2023 [287]. Net Loss and Financial Performance - The net loss for the three-month period ended February 29, 2024, increased by $10,514 to $5,091, compared to a net income of $5,423 for the same period in 2023, largely due to a prior gain on land disposition of $9,980 [224]. - The net loss for the year ended February 29, 2024, decreased by $214 to $21,087, compared to $21,301 for the same period in 2023 [230]. - The Company incurred a net loss of $21.1 million for the year ended February 29, 2024, with net cash flows used from operating activities amounting to $18.0 million [276]. - Comprehensive loss decreased to $21,016,000 from $22,346,000, reflecting a 5.9% improvement [287]. - Basic and diluted net loss per share was $0.44, compared to $0.45 in the previous year, indicating a minor improvement [287]. Research and Development Expenses - Research and development expenses for the three-month period ended February 29, 2024, rose by $805 to $3,018, primarily due to an $866 increase in plant and laboratory operating expenses, including an inventory write-down of $817 [222]. - Total research and development expenses for the fiscal year ended February 29, 2024, were $11,379, a decrease of $5,967 from the previous year [226]. - Research and development expenses decreased by $5,967 to $11,379 for the year ended February 29, 2024, compared to $17,346 for the same period in 2023 [228]. - Research and development expenses primarily relate to process development, customer trials, and testing of pre-production samples, and are presented net of related tax credits and government grants [313]. Cash Flow and Liquidity - Cash and cash equivalents on hand were $6,958 as of February 29, 2024, with an undrawn senior loan facility of $2,579 [230]. - Net cash used in operating activities was $18,034 for the year ended February 29, 2024, compared to $34,892 for the year ended February 28, 2023 [244]. - The company has incurred net losses and negative cash flow from operating and investing activities since its inception, with no material revenues from customers [302]. - Management estimates that current available liquidity and forecasted net cash flows will not be sufficient to meet the company's obligations over the next twelve months [303]. - As of February 29, 2024, the Company's available liquidity was $9.5 million, consisting of cash and cash equivalents of $6.9 million and an undrawn senior loan facility of $2.6 million [276]. General and Administrative Expenses - General and administrative expenses for the three-month period ended February 29, 2024, increased by $22 to $2,221, primarily due to an increase in stock-based compensation [223]. - General and administrative expenses decreased by $10,441 to $9,988 for the year ended February 29, 2024, compared to $20,429 for the same period in 2023 [229]. - General and administrative expenses for the year ended February 29, 2024 were $9,988,000, down 51.1% from $20,429,000 in the prior year [390]. Debt and Financing - The company is pursuing financing for its planned manufacturing facilities, which is critical for moving to the next stage of strategic development [218]. - The Company has a long-term debt obligation of up to $3,390 related to the expansion of the Terrebonne Facility, with repayments structured over 72 monthly installments [234]. - The company is seeking to finalize negotiations for previously announced financing initiatives on acceptable terms [232]. - Total repayments due on the company's indebtedness over the next five years amount to $3,511 [371]. - Interest expense on the Investissement Québec loan for the year ended February 29, 2024, was $84, compared to $86 in 2023 [366]. Inventory and Assets - The company reported total inventories of $102,000 as of February 29, 2024, a decrease from $727,000 in the previous year, with an allowance for inventory write-down of $817,000 recorded [343]. - The total current assets decreased from $36.4 million as of February 28, 2023, to $8.0 million as of February 29, 2024 [282]. - The total stockholders' equity decreased from $33.7 million as of February 28, 2023, to $14.1 million as of February 29, 2024 [284]. Strategic Developments - A strategic partnership with Ester was announced to build an Infinite Loop™ manufacturing facility in India, expected to commence commercial operations in early 2027 [212]. - The planned facility in Ulsan, South Korea, is expected to supply up to 70,000 metric tons per year of Loop™ PET resin, with construction timing currently under review [215]. - The company intends to continue executing its corporate strategy, focusing on commercialization of Infinite Loop™ Technology and securing financing for operations and projects [248]. Stock-Based Compensation - Stock-based compensation expenses were $1,422,000, significantly lower than $10,086,000 in the previous year [294]. - Stock-based compensation attributable to stock options for the year ended February 29, 2024 amounted to $644,000, compared to $1,316,000 in 2023 [393]. - Stock-based compensation attributable to RSUs for the year ended February 29, 2024, amounted to $778, a significant decrease from $8,770 in 2023 [396]. - The total number of outstanding restricted stock units (RSUs) at the end of 2024 was 4,368,897, compared to 3,888,618 at the end of 2023, reflecting an increase of approximately 12.3% [395].

United States Securities and Exchange Commission Washington, D.C. 20549 Commission File No. 000-54768 Loop Industries, Inc. (Exact name of Registrant as specified in its charter) Nevada 27-2094706 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ (I.R.S. Employe ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File No. 000-54768 Loop Industries, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of inc ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File No. 000-54768 Loop Industries, Inc. Registrant's telephone number, including area code (450) 951-8555 Securities registered pursu ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 28, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File No. 000-54768 Loop Industries, Inc. (Exact name of Registrant as specified in its charter) Nevada 27-2094706 (I.R.S. Employer Identi ...

Loop Industries, Inc. (NASDAQ:LOOP) Q3 2023 Earnings Conference Call January 13, 2023 11:00 AM ET Company Participants Kevin O’Dowd - Vice President of Communications and Investor Relations Daniel Solomita - Founder and Chief Executive Officer Conference Call Participants Gerard Sweeney - ROTH Capital Partners, LLC David Quezada - Raymond James Ltd. Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Loop Industries [Second] Quarter 2023 Corporate Update Call. During today's p ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File No. 000-54768 Loop Industries, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of i ...