Loop Industries Reports First Quarter Fiscal 2027 Results and Provides Update on Progress Towards Commercialization
Loop Industries reported fiscal Q1 revenue of $179,000, a decrease from the prior year, while net loss narrowed slightly to $3.38 million. The company announced a Letter of Intent with a major global apparel brand for up to 15,000 metric tons of PET fiber-grade resin annually and selected a site for its European JV facility in Germany.
Key figures
- Revenue
- 179000
- Loi volume metric tons
- 15000
- Cash operating expenses
- 1600000
- Cash and cash equivalents
- 1063000
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