Loop Energy Q1 Report Shows Financial Maneuvering

Loop Energy, Inc. (TSE:LPEN) has released an update.

Loop Energy Inc. has announced its Q1 2024 financial results, revealing a decrease in cash and working capital, but showing a reduction in general, administrative, and business development expenses compared to Q1 2023. After terminating a merger with H2 Portable Power Corp., Loop Energy received significant inventory orders and repaid part of a short-term loan, hinting at strategic financial maneuvers ahead.

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