---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-008944"
form_type: "8-K"
ticker: "LOOP"
cik: "0001504678"
company_name: "Loop Industries, Inc."
filed_at: "2024-07-15T23:59:59+00:00"
generated_at: "2026-05-31T20:42:06.820628+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-24-008944
- form_type: 8-K
- ticker: LOOP
- cik: 0001504678
- company_name: Loop Industries, Inc.
- filed_at: 2024-07-15T23:59:59+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/1504678/000165495424008944/0001654954-24-008944-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504678/000165495424008944/loop_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-008944
- JSON: https://secwatch.observer/filing/0001654954-24-008944.json
- Plain text: https://secwatch.observer/filing/0001654954-24-008944.txt

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