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Loop Industries Inc (LOOP)
NASDAQ:LOOP
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Earnings Data
Report Date
Jan 09, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-$0.09Last Year’s EPS
-$0.09Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 15, 2024
|% Change Since: -29.10%
|Next Earnings Date:Jan 09, 2025
Earnings Call Sentiment|Neutral
The call highlighted significant strategic partnerships and demand for sustainable solutions, particularly in India, while acknowledging current financial and market challenges, notably from low PET prices and reliance on future regulatory changes.Company Guidance
During Loop Industries' Q2 2025 earnings call, the executives provided several key metrics and updates. The Reed Financing deal is progressing, with an initial $250 million commitment potentially increasing to $350 million, and it's expected to close in November 2024. Additionally, Loop plans to address any financing delays with a $2 million loan from its CEO and a lead director. The company's total operating expenses for the quarter were $4.5 million, including $400,000 in stock-based compensation and $800,000 in nonrecurring legal expenses, with a cash spend of $2.9 million. Loop's liquidity stands at $2.4 million, comprising $1.4 million in cash and a $1 million untapped credit line. The company remains focused on its India project, with a projected total installed cost of $165 million and construction expected to commence in early 2025.Significant Reed Financing Partnership
Societe Generale acquired a 75% stake in Reed Management with an initial commitment of $250 million, potentially increasing to $350 million, to support Loop's projects in Europe.
Strategic Expansion in India
Loop is working on a project in India, partnering with Ester, focusing on low-cost manufacturing. The facility is planned in Gujarat, aiming to capitalize on the textile recycling market.
Strong Demand for Fiber-to-Fiber Recycling
There is a strong customer demand for Loop's fiber-to-fiber recycling technology, which is a critical future driver due to increasing regulatory pressures for sustainable materials.
Cost Control and Financial Management
Loop managed to bring operating expenses down to $2.9 million, under the $3 million target, with plans to further reduce annual expenses to $11 million.
Regulatory Approvals and Certifications
Loop's material is approved by FDA, Health Canada, and REACH for food-grade plastics, with additional pharmaceutical-grade certification.
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LOOP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LOOP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 15, 2024 | $1.89 | $1.45 | -23.28% |
| Jul 15, 2024 | $2.04 | $2.00 | -1.96% |
| May 29, 2024 | $2.52 | $2.51 | -0.40% |
| Jan 16, 2024 | $3.66 | $3.71 | +1.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Loop Industries Inc (LOOP) report earnings?
Loop Industries Inc (LOOP) is schdueled to report earning on Jan 09, 2025, TBA Not Confirmed.
What is Loop Industries Inc (LOOP) earnings time?
Loop Industries Inc (LOOP) earnings time is at Jan 09, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LOOP EPS forecast?
LOOP EPS forecast for the fiscal quarter 2025 (Q3) is -$0.09.
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