<span item_type="fundamental" item_id="c9c3852671fe828b213c1f14347f2aec" counter_id="ST/US/LOOP" env="prod"></span><span item_type="announcement" item_id="604910026566275969" env="prod"></span><p>Revenue: As of FY2026 Q3, the actual value is USD 86 K, missing the estimate of USD 775 K.</p><p>EPS: As of FY2026 Q3, the actual value is USD -0.06, meeting the estimate of USD -0.06.</p><p>EBIT: As of FY2026 Q3, the actual value is USD -2.147 M.</p><p></p><h3>Third Quarter Ended November 30, 2025 (vs. 2024)</h3><h4>Revenues</h4><ul><li>Total revenues for Loop Industries, Inc. increased by $34 thousand to $86 thousand for the three-month period ended November 30, 2025, compared to $52 thousand in the same period of 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Product revenues were $0 in 2025, a decrease from $52 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Service revenues were $86 thousand in 2025, an increase from $0 in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li></ul><h4>Expenses</h4><ul><li>Total expenses were $3,030 thousand in 2025, representing a decrease of $8,934 thousand from $11,964 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Research and development expense decreased by $410 thousand to $967 thousand in 2025, from $1,377 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>General and administrative expenses decreased by $648 thousand to $1,500 thousand in 2025, from $2,148 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Impairment of assets was $0 in 2025, a decrease of $8,460 thousand from $8,460 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Loss on equity accounted investment increased to $65 thousand in 2025, from $0 in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Depreciation and amortization decreased by $38 thousand to $94 thousand in 2025, from $132 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Interest and other financial expenses increased by $326 thousand to $436 thousand in 2025, from $110 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li></ul><h4>Net Loss</h4><ul><li>Net loss decreased by $8,968 thousand to -$2,944 thousand in 2025, from -$11,912 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li></ul><h4>Other Metrics</h4><ul><li>Cash operating expenses for the quarter were $2.2 million, a year-over-year decrease of $1.1 million. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Total available liquidity at the end of the third quarter was $7.7 million. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li></ul><h3>Nine Months Ended November 30, 2025 (vs. 2024)</h3><h4>Revenues</h4><ul><li>Total revenues for Loop Industries, Inc. increased by $257 thousand to $338 thousand for the nine-month period ended November 30, 2025, compared to $81 thousand in the same period of 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Product revenues were $8 thousand in 2025, a decrease from $81 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Service revenues were $330 thousand in 2025, an increase from $0 in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li></ul><h4>Expenses</h4><ul><li>Total expenses were $9,933 thousand in 2025, a decrease of $12,088 thousand from $22,021 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Research and development expense decreased by $2,377 thousand to $3,182 thousand in 2025, from $5,559 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>General and administrative expenses decreased by $2,636 thousand to $5,018 thousand in 2025, from $7,654 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Impairment of assets was $0 in 2025, a decrease of $8,460 thousand from $8,460 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Loss on equity accounted investment increased to $410 thousand in 2025, from $0 in 2024, related to the Company’s 50% portion of the loss incurred by the India JV. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Depreciation and amortization decreased by $108 thousand to $290 thousand in 2025, from $398 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Interest and other financial expenses increased by $984 thousand to $1,273 thousand in 2025, from $289 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li></ul><h4>Net Loss</h4><ul><li>Net loss decreased by $12,345 thousand to -$9,595 thousand in 2025, from -$21,940 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li></ul><h3>Balance Sheet (as of November 30, 2025 vs. February 28, 2025)</h3><h4>Assets</h4><ul><li>Cash and cash equivalents were $5,204 thousand as of November 30, 2025, down from $12,973 thousand as of February 28, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Total current assets were $5,999 thousand as of November 30, 2025, down from $13,852 thousand as of February 28, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Total assets were $11,290 thousand as of November 30, 2025, down from $18,578 thousand as of February 28, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li></ul><h4>Liabilities and Stockholders’ Equity (Deficit)</h4><ul><li>Total current liabilities were $3,547 thousand as of November 30, 2025, down from $3,959 thousand as of February 28, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Series B Convertible Preferred stock increased to $11,688 thousand as of November 30, 2025, from $10,647 thousand as of February 28, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Total liabilities were $18,613 thousand as of November 30, 2025, up from $18,211 thousand as of February 28, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Total stockholders’ equity (deficit) was -$7,323 thousand as of November 30, 2025, down from $367 thousand as of February 28, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li></ul><h3>Cash Flows (Nine Months Ended November 30, 2025 vs. 2024)</h3><h4>Cash Flows from Operating Activities</h4><ul><li>Net cash used in operating activities was -$7,372 thousand in 2025, compared to -$8,635 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li></ul><h4>Cash Flows from Investing Activities</h4><ul><li>Net cash used in investing activities was -$1,159 thousand in 2025, compared to -$86 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Investments in equity-method investees were -$960 thousand in 2025, compared to $0 in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li></ul><h4>Cash Flows from Financing Activities</h4><ul><li>Net cash provided by financing activities was $738 thousand in 2025, compared to $2,312 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Proceeds from ATM equity offering, net of issuance costs, were $889 thousand in 2025, compared to $0 in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li><li>Borrowings under credit facility were $0 in 2025, compared to $2,372 thousand in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></li></ul><h3>Outlook / Guidance</h3><p>Loop Industries, Inc. is focused on raising financing for its equity contribution to ELITe and for operating expenses until its Indian facility becomes operational. The company expects this capital, combined with anticipated engineering revenues from India and Europe projects, to fund operations until the first facility is operational. For the European project, Loop Industries, Inc. plans to generate revenue from engineering services and receive milestone licensing payments after securing a site. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1504678/000143774926001274/ex_887402.htm"></span></p>

Loop Industries | 8-K: FY2026 Q3 Revenue Misses Estimate at USD 86 K