Loop Industries Q2 net loss narrows to $2.99 million; India plant rescaled to 45 KTA
Loop Industries reported its second quarter fiscal 2027 results for the three months ended August 31, 2026, with revenue of $117 thousand from engineering services to the India joint venture, compared with zero a year earlier. The net loss narrowed to $2.99 million from $3.20 million, and the company had total available liquidity of $1.9 million at August 31, 2026. The company also rescaled its planned India facility to 45 KTA to reduce capital needs, but its Special Committee is still seeking financing for its equity contribution.
Key points
- Q2 revenue was $117 thousand, all from engineering services provided to the India JV, versus $0 in the prior-year quarter.
- Net loss was $2.99 million, or $0.06 per share, versus $3.20 million, or $0.07 per share, a year earlier.
- Cash operating expenses were $1.6 million, a decrease of $0.8 million year over year.
- Total available liquidity was $1.9 million at August 31, 2026; the company says there can be no assurance its funding sources will be sufficient to reach commercial start-up.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 15, 2026.
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