secwatch.observer — SEC 8-K summary
======================================

Issuer:     Loop Industries, Inc. (LOOP)
CIK:        0001504678
Form:       8-K
Filed at:   2022-06-02T23:59:59+00:00
Accession:  0001654954-22-007858
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Loop Industries FY2022 net loss $44.9M, no revenue, R&D spend $27.7M
--------------------------------------------------------------------

- Net loss of $44,920,956 ($0.99 diluted EPS) vs $36,344,923 ($0.89) prior year.
- Cash and cash equivalents $44.1M at Feb 28, 2022, up from $35.2M, supported by equity raises.
- R&D expenses $27.7M (up 48% YoY); G&A $12.8M; zero revenue in development stage.
- Recorded $2.5M contingency loss for legal settlement and $1.1M loss from joint venture.
- Management acknowledges need for additional financing to fund commercialization and manufacturing plants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504678/000165495422007858/0001654954-22-007858-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504678/000165495422007858/loop_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-007858

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