Loop Industries reports Q3 revenue $52.000 vs. $26,000 last year

Reports Q3 net loss ($11.91M) vs. ($4.24M) last year. Daniel Solomita, Founder and CEO of Loop, commented on the recent updates, saying: “The successful completion of our transaction with Reed Societe Generale Group marks a significant step towards our strategic goals. This includes investing in low-cost manufacturing locations like India and licensing our technology to companies seeking solutions to the plastic waste crisis in higher-cost regions such as Europe. We are eager to collaborate closely with Reed Societe Generale Group to deliver our first European project.”