---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-000372"
form_type: "8-K"
ticker: "LOOP"
cik: "0001504678"
company_name: "Loop Industries, Inc."
filed_at: "2023-01-12T23:59:59+00:00"
generated_at: "2026-06-20T15:58:37.809761+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Loop Q3 net loss $1.01M; sells Bécancour land for $13.9M, focuses on SKGC partnership

## Summary
- Revenue of $24,924 from initial PET resin deliveries; net loss of $1.01M vs $10.1M a year ago (includes $6.7M gain on land sale).
- Agreement to sell Bécancour, Quebec site for CDN $18.5M (US $13.9M); expected closing Feb 24, 2023.
- Terrebonne facility hours reduced to cut costs; proceeds and cost savings expected to ensure ongoing liquidity.
- Commercialization focus shifts to SK Geo Centric JV projects in Asia and Europe, with lower equity requirement.
- Legal and professional fees increased $0.63M due to SEC investigation and class action suits.

## SEC filing metadata
- accession: 0001654954-23-000372
- form_type: 8-K
- ticker: LOOP
- cik: 0001504678
- company_name: Loop Industries, Inc.
- filed_at: 2023-01-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504678/000165495423000372/0001654954-23-000372-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504678/000165495423000372/loop_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-000372
- JSON: https://secwatch.observer/filing/0001654954-23-000372.json
- Plain text: https://secwatch.observer/filing/0001654954-23-000372.txt

## Key facts
- Earnings Releases
  Loop Industries, Inc. reported third quarter of fiscal year 2023 results: revenue $0.02 million, net income $(1,013,073).
  - Period: third quarter of fiscal year 2023
  - Revenue: $0.02 million
  - Net income: $(1,013,073)
  - Result: reported results
  source text: ) Total expenses 1,037,997 10,098,243 (9,060,246 ) Net loss $ (1,013,073 ) $ (10,098,243 ) $ 9,085,170 Revenues Revenues for the three-month period ended November 30, 2022 were $0.02 million. For the same period in 2021, there were no revenues. The revenues resulted from the delivery of initial volumes to customers of LoopTM PET resin produced using monomers
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504678/000165495423000372/0001654954-23-000372-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.