Loop Industries Q1 net loss widens to $18.0M ($0.38/shr) on $0 revenue; progress on commercial facilities

Loop Industries, Inc.

Net loss of $18.0M vs $12.2M a year ago; diluted EPS loss of $0.38 vs $0.29.
Revenue was $0 in both periods; company is pre-commercial.
Loss increase driven by $8.45M stock-based compensation from RSU milestone achievement.
Cash & equivalents $32.4M, down from $44.1M at Feb. 28, 2022.
Terrebonne facility producing Loop PET for consumer brands; Infinite Loop projects advancing in North America, Europe, and Asia.

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