Loop Industries, Inc. $LOOP

What the company doesAI summary of filing

Loop Industries, Inc. is a technology company in the pre-commercialization stage that owns patented technology to depolymerize waste polyethylene terephthalate (PET) plastic and polyester fiber into base monomers, which are then purified and polymerized into virgin-quality Loop™ branded PET resin for food-grade packaging and polyester fiber applications. The company generates minimal revenue from three sources: technology licensing (which ended in fiscal 2026), product sales of Loop™ PET resin, and engineering services. As of February 28, 2026, the company reported total revenues of $514 thousand (down from $10.9 million in the prior year, which included a $10.4 million technology licensing payment), a net loss of $12.3 million, and available liquidity of $5.0 million, with management concluding this is insufficient to fund operations for the next twelve months, raising substantial doubt about the company's ability to continue as a going concern. [10-K 2026-05-27]

Segments: Technology licensing, Products (Loop™ PET resin), Engineering services