Loop Industries(LOOP) - 2026 Q1 - Quarterly Results

Financial Performance - Loop generated $10.8 million in total revenue for Q4 FY2025, a significant increase from $45 in Q4 FY2024, primarily driven by $10.4 million in licensing revenue[3][20] - The net income for Q4 FY2025 was $6.9 million, a turnaround from a net loss of $5.1 million in Q4 FY2024, attributed to increased revenues and reduced expenses[24] - Revenues increased to $10,889 for the year ended February 28, 2025, compared to $153 for the same period in 2024[37] - Net loss decreased by $6,030 to $15,057 for the year ended February 28, 2025, compared to $21,087 for the same period in 2024, primarily due to a $10,736 increase in revenues[32] Expenses - Research and development expenses decreased by $1.7 million to $1.3 million in Q4 FY2025, compared to $3.0 million in Q4 FY2024, mainly due to reduced plant and laboratory operating expenses[21] - General and administrative expenses also decreased by $647,000 to $1.6 million in Q4 FY2025, down from $2.2 million in Q4 FY2024[22] - Research and development expenses decreased by $4,515 to $6,864 for the year ended February 28, 2025, compared to $11,379 for the same period in 2024[28] - General and administrative expenses decreased by $760 to $9,228 for the year ended February 28, 2025, compared to $9,988 for the same period in 2024[29] - Impairment of equipment expense increased by $8,460 for the year ended February 28, 2025, due to the termination of a joint venture agreement[30] Cash and Assets - Cash and cash equivalents increased to $12,973 as of February 28, 2025, compared to $6,958 as of February 29, 2024[34] - Total assets decreased to $18,578 as of February 28, 2025, from $20,553 as of February 29, 2024[35] - Total liabilities increased to $18,211 as of February 28, 2025, compared to $6,411 as of February 29, 2024[35] Facility Development - Loop's Infinite Loop™ India facility is projected to have an annual production capacity of 70,000 metric tons of polyester fiber and PET resin, with a total estimated investment of $176 million[8][6] - Groundbreaking for the Infinite Loop™ India facility is expected in the second half of 2025, with commercial operations anticipated to start in 2027[9] - Loop is actively negotiating off-take supply agreements with apparel and textile companies for the anticipated output from the India facility[8] - The company is exploring potential locations for its first Infinite Loop™ facility in Europe, focusing on site selection and engineering studies[12] - Loop plans to adopt a modular approach for its European facilities to reduce capital expenditures and construction timelines significantly[13] Strategic Focus - The company plans to focus on the development of large-scale commercial manufacturing facilities following the successful scaling of its technology[28] - The company aims to contribute to a circular economy by reducing plastic waste and recovering waste plastic for sustainable future[40]