---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-007035"
form_type: "8-K"
ticker: "LOOP"
cik: "0001504678"
company_name: "Loop Industries, Inc."
filed_at: "2024-05-30T23:59:59+00:00"
generated_at: "2026-06-01T07:22:59.879579+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Loop Industries FY2024 net loss $21.1M; announces India JV with Ester for $165M facility

## Summary
- FY2024 revenue $153K vs $173K; net loss $21.1M vs $21.3M; cash $6.96M down from $29.6M.
- Signed 50/50 India JV with Ester to build Infinite Loop facility; total cost ~$165M, completion by end 2026.
- India JV expected to generate 5% annual royalty on sales; targets specialty chemicals market worth $28B.
- Reed financing negotiations progressing; binding agreements expected imminent, close by end of Q2 FY2025.
- Launched Cloudeasy Cyclon shoe with On using Loop recycled polyester; SKGC monomer facility option being evaluated.

## SEC filing metadata
- accession: 0001654954-24-007035
- form_type: 8-K
- ticker: LOOP
- cik: 0001504678
- company_name: Loop Industries, Inc.
- filed_at: 2024-05-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504678/000165495424007035/0001654954-24-007035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504678/000165495424007035/loop_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-007035
- JSON: https://secwatch.observer/filing/0001654954-24-007035.json
- Plain text: https://secwatch.observer/filing/0001654954-24-007035.txt

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