Loop Industries reports Q1 FY2027 net loss of $3.4M; signs LOI for up to 15,000 tonnes offtake

Loop Industries, Inc.

Net loss of $3.385M ($0.07 per share), compared to $3.446M loss in prior year quarter.
Revenue of $179k, all from engineering services; no product revenue.
Cash operating expenses fell to $1.6M from $2.6M YoY; total liquidity $3.6M.
Signed LOI with global apparel brand for multi-year offtake of up to 15,000 metric tons/year of PET resin from India JV.
India JV debt syndication advanced to technology due diligence; Europe project moving to engineering/permitting phase.

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