Loop Industries Q1 net loss $5.2M; progresses India JV and Reed financing

Loop Industries, Inc.

2026-Q1 EPS reported -$0.11 vs consensus -$0.07 ▼ miss (-54.1%)

Net loss of $5.2M (-$0.11/share) vs $7.0M (-$0.15/share) YoY; revenue $6K from initial PET resin sales.
Cash and cash equivalents $5.3M; reviewing bridge financing if Reed close extends past Q2 fiscal 2025.
Joint venture with Ester Industries advancing; securing offtake agreements and site selection for India facility.
Reed Management financing expected to close by end of Q2 fiscal 2025; project costs included in $5.2M total expenses.
Prospective monthly cash burn ~$1M excluding project costs; R&D spend down 50% YoY to $2.2M.

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