---
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"
generated_at: "2026-06-13T09:25:08.029715+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Loop Industries reports Q1 net loss of $7.0M; revenue $27; signs JV with SKGC for Asian facilities

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- 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/1504678/000165495423009090/0001654954-23-009090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504678/000165495423009090/loop_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-009090
- JSON: https://secwatch.observer/filing/0001654954-23-009090.json
- Plain text: https://secwatch.observer/filing/0001654954-23-009090.txt

## Key facts
- Earnings Releases
  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 ).
  - Period: first quarter of fiscal year ending February 29, 2024 (three months ended May 31, 2023)
  - Revenue: $ 27
  - Net income: $ (7,001 )
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1504678/000165495423009090/0001654954-23-009090-index.htm

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