secwatch.observer — SEC 8-K summary
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Issuer:     Loop Industries, Inc. (LOOP)
CIK:        0001504678
Form:       8-K
Filed at:   2022-05-27T23:59:59+00:00
Accession:  0001654954-22-007598
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Loop Industries FY2022 net loss widens to $44.9M; legal settlement and joint venture loss weigh
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- Net loss of $44.9M for FY2022 vs $36.3M prior year; Q4 net loss $14.3M; no revenue.
- Recorded $2.52M contingency loss for class action settlement and $1.12M loss from Indorama joint venture.
- Completed Terrebonne facility upgrades; multi-year supply agreement with Danone and supply deal with On AG.
- Basic Design Package and Class 3 estimate completed for Infinite Loop™; Bécancour site prep done; seeking financing.
- Cash and equivalents $44.1M; weighted average shares 45.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504678/000165495422007598/0001654954-22-007598-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504678/000165495422007598/loop_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-007598

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer