Loop Industries Q1 net loss narrows to $3.4M; advances India and Europe projects

Loop Industries, Inc.

2026-Q1 EPS reported -$0.07 revenue$252,000

Net loss of $3.4M ($0.07 per share) vs $5.2M ($0.11) in prior-year quarter; revenue $252k vs $6k.
Cash operating expenses fell to $2.6M from $4.8M YoY; total liquidity $12.3M.
India JV site selection narrowed to two Gujarat locations; $1.5M engineering agreement signed with ELITe; total investment $176M.
Europe project: collaborating with Reed Societe Generale Group; modular construction strategy planned to reduce capex.
Offtake discussions with apparel/CPG brands advancing; KPMG retained for debt syndication.

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