{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-009090","form_type":"8-K","ticker":"LOOP","cik":"0001504678","company_name":"Loop Industries, Inc.","filed_at":"2023-07-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.129142+00:00","generated_at":"2026-06-13T09:25:08.029715+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Loop Industries reports Q1 net loss of $7.0M; revenue $27; signs JV with SKGC for Asian facilities","bullets":["Net loss of $7.0M ($0.15 per share) vs $18.0M loss in prior year; revenue from initial PET resin deliveries of $27.","Signed JV agreement with SK Geo Centric to build up to four Infinite Loop facilities in Asia by 2030; first in Ulsan expected completion end of 2025.","Cost reduction measures lowered net expenses ~30% vs prior year, excluding milestone stock-based comp.","Launched Garnier Micellar Water bottle using Loop PET resin; On AG signed LOI for volumes from Ulsan facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-009090","json":"https://secwatch.observer/filing/0001654954-23-009090.json","markdown":"https://secwatch.observer/filing/0001654954-23-009090.md","text":"https://secwatch.observer/filing/0001654954-23-009090.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1504678/000165495423009090/0001654954-23-009090-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1504678/000165495423009090/loop_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T09:25:08.029715+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5074afb71c6ef4a8cbedaebdf74c384941b52439","claim":"Loop Industries, Inc. reported first quarter of fiscal year ending February 29, 2024 (three months ended May 31, 2023) results: revenue $ 27, net income $ (7,001 ).","evidence_excerpt":"The following table summarizes our operating results for the three-month periods ended May 31, 2023 and 2022, in thousands of U.S. Dollars. Three months ended May 31, 2023 2022 Change Revenue from contracts with customers $ 27 $ - $ 27 Expenses Research and development Machinery and equipment expenditures 1,236 1,890 (654 ) External engineering 1,155 1,596 (441 ) Employee compensation 1,286 1,891 (605 ) Stock-based compensation 160 396 (236 ) Plant and laboratory operating expenses 469 866 (397 ) Other 184 161 23 Total research and development 4,490 6,800 (2,310 ) General and administrative Professional fees 619 799 (180 ) Employee compensation 637 715 (78 ) Stock-based compensation 196 8,070 (7,874 ) Insurance 703 1,103 (400 ) Other 310 350 (40 ) Total general and administrative 2,465 11,037 (8,572 ) Depreciation and amortization 133 139 (6 ) Interest and other financial expenses 54 41 13 Interest income (99 ) (13 ) (86 ) Foreign exchange loss (15 ) 2 (17 ) Total expenses 7,028 18,006","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1504678/000165495423009090/0001654954-23-009090-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of fiscal year ending February 29, 2024 (three months ended May 31, 2023)"},{"label":"Revenue","value":"$ 27"},{"label":"Net income","value":"$ (7,001 )"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}