- Loop Industries (NASDAQ: LOOP) reported an adjusted loss of $0.06 per share, compared with the Zacks consensus estimate of a $0.05 loss.
- Revenue totaled $117,000, substantially below the approximately $312,500 consensus estimate.
- The planned Infinite Loop India facility was rescaled to 45 kilotonnes annually to reduce construction costs and financing requirements.
Loop Industries (NASDAQ: LOOP) develops technology that breaks down waste PET plastic and polyester into materials that can be reused to manufacture new products. On October 15, 2026, the company reported results for its second quarter of fiscal 2027, covering the three months ended August 31, 2026.
Loop Industries reported an adjusted loss of $0.06 per share, compared with Zacks’ consensus estimate for a $0.05 loss. The result improved from a loss of $0.07 per share a year earlier. The company’s net loss narrowed to $2.99 million from $3.20 million. Some estimate providers rounded the expected loss to $0.06, explaining why other reports described the result as matching expectations.
Quarterly revenue totaled $117,000, compared with an estimate of approximately $312,500. The revenue came from engineering services provided to the India joint venture rather than commercial PET-resin sales. Loop reported no revenue in the same quarter a year earlier.
Loop reduced the planned capacity of its first Infinite Loop India facility to 45 kilotonnes per year. The revised design is intended to lower the project’s capital requirements, reduce the amount of debt and equity financing needed, and support faster development. The company’s special committee continues to evaluate financing alternatives for Loop’s contribution to the India joint venture and its ongoing operating expenses.
As of August 31, 2026, Loop had $836,000 in cash and total available liquidity of approximately $1.9 million. Limited liquidity and continued dependence on external financing remain important risks for investors.
