secwatch.observer — SEC 8-K summary
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Issuer:     Loop Industries, Inc. (LOOP)
CIK:        0001504678
Form:       8-K
Filed at:   2023-10-16T23:59:59+00:00
Accession:  0001654954-23-012946
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 Q2 net loss $4.75M; cash $13.4M; Ulsan groundbreaking Nov 9
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504678/000165495423012946/0001654954-23-012946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504678/000165495423012946/loop_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-012946

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