---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-012946"
form_type: "8-K"
ticker: "LOOP"
cik: "0001504678"
company_name: "Loop Industries, Inc."
filed_at: "2023-10-16T23:59:59+00:00"
generated_at: "2026-06-09T23:16:41.133765+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Loop Industries Q2 net loss $4.75M; cash $13.4M; Ulsan groundbreaking Nov 9

## Summary
- Q2 net loss $4.75M ($0.10/sh) vs $7.71M loss prior year; revenue $54K.
- Cash $13.4M at Aug 31; expects ~$16M reimbursement from SKGC JV when Ulsan construction begins.
- Monthly operating spend forecast $1.0-$1.2M for balance of FY2024, excluding recoverable amounts.
- Ulsan ARC groundbreaking in South Korea on Nov 9; construction targeted end-2023 to end-2025.
- Saint-Avold (France) JV project public consultation ongoing Sept 11 – Nov 7, 2023 via CNDP.

## SEC filing metadata
- accession: 0001654954-23-012946
- form_type: 8-K
- ticker: LOOP
- cik: 0001504678
- company_name: Loop Industries, Inc.
- filed_at: 2023-10-16T23:59:59+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/1504678/000165495423012946/0001654954-23-012946-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504678/000165495423012946/loop_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-012946
- JSON: https://secwatch.observer/filing/0001654954-23-012946.json
- Plain text: https://secwatch.observer/filing/0001654954-23-012946.txt

## Key facts
- Earnings Releases
  Loop Industries, Inc. reported second quarter of fiscal year ending February 29, 2024 results: revenue $54, net income Net loss $ (4,750 ).
  - Period: second quarter of fiscal year ending February 29, 2024
  - Revenue: $54
  - Net income: Net loss $ (4,750 )
  - Result: reported results
  source text: for the three-month periods ended August 31, 2023 and 2022, in thousands of U.S. Dollars. Three months ended August 31, 2023 2022 Change Revenue from contracts with customers $ 54 $ 135 $ (81 ) Expenses Research and development Employee compensation 1,218 1,749 (531 ) Stock-based compensation 155 319 (164 ) Machinery and equipment expenditures - 1,184
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504678/000165495423012946/0001654954-23-012946-index.htm

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