Quarterly ResultJul 14, 2026, 04:37 PM
Loop Industries Q1 Net Loss $(0.07) EPS; Going Concern Doubt Raised
AI Summary
Loop Industries, Inc. reported a net loss of $(3.385) million, or $(0.07) per share, for the three months ended May 31, 2026, a slight improvement from the prior year. However, total revenues decreased to $179 thousand, and cash and cash equivalents significantly declined. Management expressed substantial doubt about the company's ability to continue as a going concern, citing insufficient cash to fund operations for the next twelve months, despite an available undrawn credit facility.
Key Highlights
- Q1 2026 net loss was $(3.385) million, slightly better than $(3.446) million in Q1 2025.
- Basic and diluted net loss per share remained $(0.07) for both periods.
- Total revenues decreased to $179 thousand in Q1 2026 from $252 thousand in Q1 2025.
- Cash and cash equivalents fell to $1.063 million as of May 31, 2026, from $2.356 million.
- Net cash used in operating activities improved to $(1.229) million from $(3.082) million.
- Management raised substantial doubt about going concern due to insufficient cash for 12 months.
- A $2.537 million (CDN $3.5 million) credit facility remains available and undrawn.
Price Impact
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