secwatch.observer — SEC 8-K summary
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Issuer:     Loop Industries, Inc. (LOOP)
CIK:        0001504678
Form:       8-K
Filed at:   2022-10-12T23:59:59+00:00
Accession:  0001654954-22-013635
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Loop Industries reports Q2 FY2023 net loss $7.7M; first revenues of $135K from Loop PET resin
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- Q2 net loss $7.7M vs $8.4M YoY; diluted EPS ($0.16) vs ($0.19).
- First revenues of $135K from sale of Loop PET resin to global consumer brands.
- Unveiled 100% recycled Loop PET bottle for L'OCCITANE Almond Shower Oil.
- Joint ventures with SK Geo Centric (Asia) and SUEZ (Europe) progressing; Ulsan selected for first Asian facility.
- Six-month net loss widened to $25.7M from $20.5M; G&A increased $8.8M largely due to stock-based compensation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504678/000165495422013635/0001654954-22-013635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504678/000165495422013635/loop_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-013635

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