Loop Industries ( (LOOP) ) has released its Q3 earnings. Here is a breakdown of the information Loop Industries presented to its investors.
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Loop Industries, Inc., a clean technology company, is focused on creating a circular plastics economy by producing 100% recycled polyethylene terephthalate (PET) plastic and textile-to-textile (T2T) polyester fiber. The firm operates in the sustainability sector, leveraging patented technology to depolymerize waste plastics into high-quality, reusable monomers.
In its recently released third-quarter fiscal 2025 earnings report, Loop Industries highlighted significant transactions and strategic developments. The company secured a financing and technology licensing deal worth $20.8 million with Reed Societe Generale Group, closed in December 2024, marking a strategic milestone in Loop’s commercialization efforts. Additionally, Loop provided an update on its Infinite Loop™ India manufacturing facility, which is progressing towards groundbreaking.
Key financial metrics show a modest revenue increase from $26,000 to $52,000 year-over-year, attributed to initial deliveries of Loop™ PET resin. Despite reductions in research and development and general administrative expenses, Loop recorded a net loss of $11.9 million for the quarter, primarily due to an $8.5 million asset impairment resulting from the termination of a joint venture with SK Geo Centric in South Korea.
Strategically, Loop’s agreement with Reed Societe Generale Group will facilitate the deployment of its recycling technology across Europe and support its Indian joint venture with Ester Industries. The Infinite Loop™ India facility is poised to cater to the circular fashion industry, with construction expected to conclude in late 2026.
Looking ahead, Loop Industries aims to reinforce its presence in cost-effective manufacturing areas while expanding its technological licensing model in high-cost regions. The company’s management remains optimistic about leveraging current partnerships to further its mission of tackling global plastic waste challenges.
