Loop Industries, Inc. reported fourth quarter of fiscal year ending February 28, 2026 results: revenue 176.
“Three months ended February 28, February 28, Change 2026 2025 (1) favorable / (unfavorable) Revenues Technology licensing $ - $ 10,395 $ (10,395 ) Products - 46 (46 ) Services 176 368 (192 ) Total revenues 176 10,809 (10,633 ) Cost of Services Cost of Services 191 218 27 Total Cost of Services 191 218 27 Expenses Research and development Employee compensation 103 468 365 Stock-based compensation 64 104 40 Plant and laboratory operating expenses 274 193 (81 ) External engineering 24 113 89 Machinery and equipment expenditures - 20 20 Other 15 190 175 Total research and development 480 1,088 608 General and administrative Professional fees 382 570 188 Employee compensation 105 148 43 Stock-based compensation 418 185 (233 ) Insurance 302 450 148 Other 179 221 42 Total general and administrative 1,386 1,574 188 Depreciation and amortization 94 126 32 Total expenses 1,960 2,788 828 Loss on eq”
Adel Essaddam changed role as Chief Operating Officer at Loop Industries, Inc..
“Adel Essaddam (30) was promoted to serve as the Chief Operating Officer, effective as of March 5, 2025.”
Nicolas Lafond was appointed as Interim Chief Financial Officer at Loop Industries, Inc..
“Nicolas Lafond (35) was promoted to serve as the Interim Chief Financial Officer.”
Fady Mansour was removed as Chief Financial Officer at Loop Industries, Inc..
“Fady Mansour was removed from his position as Chief Financial Officer, effective March 5, 2025”
Spencer Hart was elected as member of the Board at Loop Industries, Inc..
“On February 10, 2025, the board of directors (the “Board”) of Loop Industries, Inc., a Nevada corporation (the “Company”), elected Mr. Spencer Hart as a member of the Board.”
Governance Changes
Loop Industries, Inc.: Filed Certificate of Designation for Series B Convertible Preferred Stock, establishing terms, rights, and limitations for up to 5,000,000 shares (effective 2024-12-19).
“On December 19, 2024, the Company filed the Certificate of Designation (the “Certificate of Designation”) establishing the terms, rights, and limitations for up to 5,000,000 shares of Series B Convertible Preferred Stock with the Secretary of State of the State of Nevada.”
Andrew Lapham departed as Director at Loop Industries, Inc..
“On May 23, 2024, Andrew Lapham notified the Board of Directors (the “Board”) of Loop Industries, Inc. (the “Company”) that he plans to retire and not stand for re-election as director at the Company’s Annual Meeting of Stockholders to be held on June 28, 2024 (the “Annual Meeting”).”
Material Agreements
Loop Industries, Inc. entered into Agreement with Ester Industries Ltd. valued at USD $165 million (effective 2024-05-01).
“On May 1, 2024, Loop Industries, Inc. (the “Company” or “Loop”) entered into an agreement (the “Agreement”) by and between the Company and Ester Industries Ltd. (“Ester”).”
Earnings Releases
Loop Industries, Inc. reported financial results for the third quarter for fiscal year 2024.
“On January 16, 2024, Loop Industries, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter of fiscal year ending February 29, 2024.”
Earnings Releases
Loop Industries, Inc. reported second quarter of fiscal year ending February 29, 2024 results: revenue $54, net income Net loss $ (4,750 ).
“for the three-month periods ended August 31, 2023 and 2022, in thousands of U.S. Dollars. Three months ended August 31, 2023 2022 Change Revenue from contracts with customers $ 54 $ 135 $ (81 ) Expenses Research and development Employee compensation 1,218 1,749 (531 ) Stock-based compensation 155 319 (164 ) Machinery and equipment expenditures - 1,184”
Earnings Releases
Loop Industries, Inc. reported first quarter of fiscal year ending February 29, 2024 (three months ended May 31, 2023) results: revenue $ 27, net income $ (7,001 ).
“The following table summarizes our operating results for the three-month periods ended May 31, 2023 and 2022, in thousands of U.S. Dollars. Three months ended May 31, 2023 2022 Change Revenue from contracts with customers $ 27 $ - $ 27 Expenses Research and development Machinery and equipment expenditures 1,236 1,890 (654 ) External engineering 1,155 1,596 (441 ) Employee compensation 1,286 1,891 (605 ) Stock-based compensation 160 396 (236 ) Plant and laboratory operating expenses 469 866 (397 ) Other 184 161 23 Total research and development 4,490 6,800 (2,310 ) General and administrative Professional fees 619 799 (180 ) Employee compensation 637 715 (78 ) Stock-based compensation 196 8,070 (7,874 ) Insurance 703 1,103 (400 ) Other 310 350 (40 ) Total general and administrative 2,465 11,037 (8,572 ) Depreciation and amortization 133 139 (6 ) Interest and other financial expenses 54 41 13 Interest income (99 ) (13 ) (86 ) Foreign exchange loss (15 ) 2 (17 ) Total expenses 7,028 18,006”
Shareholder Votes
Loop Industries, Inc. shareholders approved Advisory vote to approve, on an advisory basis, the compensation of the Company’s Named Executive Officers as disclosed in the proxy statement at the 2023-06-28 meeting.
“Proposal 3: Advisory vote to approve, on an advisory basis, the compensation of the Company’s Named Executive Officers as disclosed in the proxy statement: For Against Abstain Broker Non-Votes 25,182,941 80,223 37,707 5,230,625”
Shareholder Votes
Loop Industries, Inc. shareholders approved Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending February 29, 2024 at the 2023-06-28 meeting.
“Proposal 2: Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending February 29, 2024: For Against Abstain 30,492,814 37,898 784”
Shareholder Votes
Loop Industries, Inc. shareholders approved Election of five directors to hold office until the 2024 Annual Meeting of Shareholders at the 2023-06-28 meeting.
“Proposal 1: Election of five directors to hold office until the 2024 Annual Meeting of Shareholders: For Against Abstain Broker Non-Votes Andrew Lapham 21,820,131 3,470,018 10,722 5,230,625 Jonghyuk Lee 25,252,917 37,292 10,662 5,230,625 Louise Sams 22,215,014 3,074,995 10,862 5,230,625 Laurence Sellyn 21,780,829 3,489,180 30,862 5,230,625 Jay Stubina 25,252,796 36,466 11,609 5,230,625”
Earnings Releases
Loop Industries, Inc. reported financial results for fourth quarter of fiscal year ended February 28, 2023.
“On May 18, 2023, Loop Industries, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter of fiscal year ended February 28, 2023.”
Material Agreements
Loop Industries, Inc. entered into Agreement with SK Geo Centric Co., Ltd (effective 2023-04-27).
“On April 27, 2023, Loop Industries, Inc. (the “Company” or “Loop”) entered into an agreement (the “Agreement”) by and between the Company and SK Geo Centric Co., Ltd (“SKGC”).”
Fady Mansour was appointed as Chief Financial Officer at Loop Industries, Inc..
“On April 4, 2023, Loop Industries, Inc. (the “Company”) announced that Mr. Fady Mansour has been appointed as the Company’s Chief Financial Officer, effective April 17, 2023.”
Earnings Releases
Loop Industries, Inc. reported third quarter of fiscal year 2023 results: revenue $0.02 million, net income $(1,013,073).
“) Total expenses 1,037,997 10,098,243 (9,060,246 ) Net loss $ (1,013,073 ) $ (10,098,243 ) $ 9,085,170 Revenues Revenues for the three-month period ended November 30, 2022 were $0.02 million. For the same period in 2021, there were no revenues. The revenues resulted from the delivery of initial volumes to customers of LoopTM PET resin produced using monomers”
Material Agreements
Loop Industries, Inc. entered into Land Sale Agreement with unknown valued at CDN $18.5 million (effective 2022-12-22).
“Item 1.01. Entry into a Material Definitive Agreement. On December 22, 2022, Loop Canada Inc. (“Loop Canada”), a wholly-owned subsidiary of Loop Industries, Inc. (the “Company”), entered into an agreement (the “Agreement”) for the sale of the entirety of the remaining land owned by Loop Canada in Bécancour, Québec. As previously disclosed, Loop Canada acquired approximately 19.9 million square feet of land in Bécancour, Québec in May 2021. As previously disclosed, on June 15, 2022, Loop Canada entered into an agreement for the sale of approximately 10.3 million square feet of the land owned by Loop Canada in Bécancour, Québec, which closed on September 15, 2022. Pursuant to the Agreement, Loop Canada agreed to sell its remaining land located at 7000, boulevard Raoul-Duchesne, Bécancour (Qc) G9H 4X6 consisting of approximately 9.6 million square feet for a purchase price of CDN $18.5 million. The purchase price will be paid on the closing date of the purchase. The cost of the deed of s”
Nicolas Lafond was appointed as Interim Chief Financial Officer at Loop Industries, Inc..
“On December 21, 2022 the Board of Directors (the “Board”) of the Company appointed Nicolas Lafond as Interim Chief Financial Officer of the Company, effective December 30, 2022, to serve while the Company evaluates its longer-term needs for this role as it pursues the next stage of its strategic development.”
Drew Hickey departed as Chief Financial Officer at Loop Industries, Inc..
“On December 22, 2022, the Company announced that, effective December 30, 2022, Drew Hickey will leave the Company to pursue other opportunities.”
Yves Perron resigned as Vice-President, Engineering and Construction at Loop Industries, Inc..
“On July 25, 2022, Yves Perron advised the Company of his intention to resign from his position as Vice-President, Engineering and Construction of the Company, effective July 29, 2022.”
Jonghyuk Lee was elected as Director at Loop Industries, Inc..
“On July 29, 2021, in connection with Closing, the Board elected Mr. Jonghyuk Lee as a member of the Board.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.