Latest news with #LoopIndustries
Yahoo
18-07-2025
- Business
- Yahoo
Loop Industries Inc (LOOP) Q1 2026 Earnings Call Highlights: Strategic Advances and Financial ...
Cash Operating Expenses: $2.6 million, a reduction of $2.2 million or 46% compared to the same quarter last year. Cash Used in Operating Activities: $3.1 million, including working capital outflows of $0.8 million. Available Liquidity: $12.3 million at the end of the quarter. CapEx for Infinite Loop India: $176 million, with $95 million as the total installed cost of Loop's technology. Engineering Contract: $1.5 million signed with the Indian joint venture for engineering support. Warning! GuruFocus has detected 4 Warning Signs with LOOP. Release Date: July 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Loop Industries Inc (NASDAQ:LOOP) is making steady progress towards the groundbreaking of Infinite Loop manufacturing facilities in India and Europe, with strong local joint venture partners. The company is advancing off-take discussions with leading global apparel and consumer packaging goods (CPG) brands, offering innovative textile-to-textile recycling solutions. Loop's technology provides high-quality, virgin-like PET resin from 100% recycled content, addressing the declining quality of mechanically recycled PET. The modularization approach for facility construction is expected to significantly reduce capital expenditure by 50%, enhancing the economic feasibility of projects worldwide. Loop Industries Inc (NASDAQ:LOOP) has reduced cash operating expenses by 46% compared to the same quarter last year, demonstrating disciplined financial management. Negative Points The signing of customer contracts is taking longer due to internal steps and higher inflation, which could delay revenue generation. Loop Industries Inc (NASDAQ:LOOP) requires $25 million in equity contribution for the Indian facility, with a current funding gap of $15 million. The company is dependent on securing customer contracts to facilitate debt financing for the Indian facility, which poses a risk if contracts are delayed. There is a potential risk of project delays, as seen in past projects, which could impact customer agreements and financial projections. The company faces challenges in securing long-term contracts with CPG brands, as these require acceptance from senior management and are subject to market fluctuations. Q & A Highlights Q: Can you provide more details on the off-take agreements and their timing? Do these agreements need to coincide with any stages of the India project? A: Discussions with customers have been progressing well, especially since the CapEx number was confirmed. Signing contracts is taking longer due to internal steps required by companies, especially for longer-term contracts of 3 to 5 years. We are competitive in pricing due to India's low-cost structure. Contracts include a take-or-pay element to ensure bankability, and we aim to secure a portion of the facility's capacity before startup to improve debt financing terms. Q: Will the contracts have a similar structure to previous ones, such as cost-plus? A: In India, we offer fixed-price contracts due to the low-cost structure and stable supply of feedstock, which customers appreciate for predictability. In Europe, we might revert to a cost-plus structure due to potential variations. Fixed-price contracts in India help customers manage costs predictably over 3 to 5 years. Q: What are the next key steps for the India project, and what should we watch for going forward? A: The JV has hired KPMG to syndicate debt financing, and they are presenting to Indian banks. We are finalizing land selection in Gujarat, with two potential sites. The biggest milestones are securing customer contracts, which will enhance the project's credibility and economics. The customer contracts are directly between Loop and the companies, with back-to-back contracts with the JV. Q: Can you provide details on Loop's capital intensity compared to other projects? A: Excluding land acquisition, financing costs, and polymerization, Loop's technology costs $0.61 per pound at a capacity of 154 million pounds per year. Including polymerization, it would be $0.75 per pound. The technology is scalable, and future facilities could reduce costs further. Q: What is the status of the equity contribution required for the India facility, and how do you plan to fund it? A: The total equity contribution is $25 million, with $5 million covered by existing polymerization equipment. A portion is committed by a government entity in Quebec. The funding gap is about $15 million, and we are evaluating several opportunities to cover it. The acceleration of the SocGen project could also help with cash flow. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
15-07-2025
- Business
- Yahoo
Loop Industries, Inc. (LOOP) Reports Q1 Loss, Beats Revenue Estimates
Loop Industries, Inc. (LOOP) came out with a quarterly loss of $0.07 per share in line with the Zacks Consensus Estimate. This compares to a loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post a loss of $0.09 per share when it actually produced earnings of $0.14, delivering a surprise of +255.56%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Loop Industries, which belongs to the Zacks Technology Services industry, posted revenues of $0.25 million for the quarter ended May 2025, surpassing the Zacks Consensus Estimate by 26.00%. This compares to year-ago revenues of $0.01 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Loop Industries shares have added about 6.7% since the beginning of the year versus the S&P 500's gain of 6.6%. While Loop Industries has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Loop Industries was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.07 on $0.2 million in revenues for the coming quarter and -$0.19 on $1.75 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the top 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Amprius Technologies (AMPX), has yet to report results for the quarter ended June 2025. This battery maker is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of +30.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Amprius Technologies' revenues are expected to be $12.88 million, up 284.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Loop Industries, Inc. (LOOP) : Free Stock Analysis Report Amprius Technologies, Inc. (AMPX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Associated Press
23-06-2025
- Business
- Associated Press
Loop Industries Announces $1.5 Million Engineering Services Agreement for Infinite Loop India Project
MONTRÉAL, QUEBEC / ACCESS Newswire / June 22, 2025 / Loop Industries, Inc. (Nasdaq:LOOP) (the 'Company,' 'Loop,' 'we,' 'us,' or 'our'), a clean technology company whose mission is to accelerate a circular economy for polyester by manufacturing 100% recycled polyethylene terephthalate ('PET') plastic and polyester fiber, today announced it has executed a $1.5 million engineering services agreement with Ester Loop Infinite Technologies Private Ltd. ('ELITe'), its India JV with Ester Industries Ltd. ('Ester'). This agreement reflects the continuing progression in the global deployment of Loop's PET depolymerization technology. This new engineering mandate will support ELITe through construction as it moves towards breaking ground on the Infinite Loop™ India facility, which is anticipated in the second half of calendar 2025. The newly signed $1.5 million engineering services agreement builds on the initial engineering services agreement with ELITe which was fulfilled over Q4 of fiscal 2025 and Q1 of fiscal 2026. This underscores the role of engineering services in Loop's commercialization strategy as an important and growing source of revenue. We anticipate entering into additional engineering services agreements for India, Europe and other projects as we advance the development of future Infinite Loop™ facilities. Loop continues to progress towards securing customer off-take agreements for the India JV with global brands in the textile and consumer packaged goods sectors. Daniel Solomita, Founder and CEO of Loop, commented on the development of the India JV, saying: 'This new agreement reinforces the momentum for the India project. It helps set the foundation for construction start later this year and reinforces the model for the global manufacturing deployment of our technology.' Further details regarding the Infinite Loop India project, including timelines and additional partnerships, will be announced as they become available. About Loop Industries Loop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles packaging, and textiles such as carpets and clothing into its base building block monomers DMT and MEG. The monomers are separated, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, helping to close the plastic loop. Loop Industries is committed to contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future. Common shares of the Company are listed on the NASDAQ Global Market under the symbol 'LOOP.' For more information, please visit Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries For More Information: Investor Relations: Kevin C. O'Dowd, Investor Relations Loop Industries, Inc. +1 617-755-4602 [email protected] Forward-Looking Statements This news release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended (the 'Securities Act'), Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act') and as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'will,' 'should,' 'could,' 'expects,' 'plans,' 'intends,' 'anticipates,' 'believes,' 'estimates,' 'predicts,' 'potential,' or 'continue,' or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about anticipated construction timelines for the Infinite Loop™ India facility, potential future engineering agreements, and the expected progress and benefits of the India joint venture. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Actual results may differ materially from the projections discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Factors that could materially affect these forward-looking statements and/or projections include, among other things: (i) our ability to commercialize our technology and products, (ii) the status of our relationships with our partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) our ability to continue as a going concern, (vii) engineering, contracting, and building our manufacturing facilities, (viii) our ability to scale, manufacture, and sell our products and to license our technology in order to generate revenues, (ix) our proposed business model and our ability to execute it, (x) our ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (xi) our joint venture projects and our ability to recover certain expenditures in connection to them, (xii) adverse effects on the Company's business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xiii) public health issues, such as disease epidemics, which may lead to reduced access to capital markets, supply chain disruptions, and government-imposed business closures, (xiv) war, regional tensions, and economic or other conflicts including trade disputes and increasing protectionist measures that could impact market stability and our business; (xv) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xvi) the outcome of any SEC investigations or class action litigation filed against us, (xvii) our ability to hire and/or retain qualified employees and consultants, (xviii) other events or circumstances over which we have little or no control, and (xix) other factors discussed in Loop's Annual Report on Form 10-K for the fiscal year ended February 28, 2025 filed with the SEC and in Loop's subsequent filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, unless otherwise required by law. SOURCE: Loop Industries press release
Yahoo
05-06-2025
- Business
- Yahoo
Is Healthcare Services Group (HCSG) Outperforming Other Business Services Stocks This Year?
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Healthcare Services (HCSG) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Healthcare Services is a member of the Business Services sector. This group includes 271 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Healthcare Services is currently sporting a Zacks Rank of #1 (Strong Buy). Within the past quarter, the Zacks Consensus Estimate for HCSG's full-year earnings has moved 13.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Our latest available data shows that HCSG has returned about 22.7% since the start of the calendar year. Meanwhile, the Business Services sector has returned an average of -0.3% on a year-to-date basis. This means that Healthcare Services is outperforming the sector as a whole this year. Loop Industries, Inc. (LOOP) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 30.8%. In Loop Industries, Inc.'s case, the consensus EPS estimate for the current year increased 2.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). To break things down more, Healthcare Services belongs to the Business - Services industry, a group that includes 26 individual companies and currently sits at #32 in the Zacks Industry Rank. On average, this group has gained an average of 18.3% so far this year, meaning that HCSG is performing better in terms of year-to-date returns. On the other hand, Loop Industries, Inc. belongs to the Technology Services industry. This 130-stock industry is currently ranked #51. The industry has moved +7.5% year to date. Investors with an interest in Business Services stocks should continue to track Healthcare Services and Loop Industries, Inc. These stocks will be looking to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Healthcare Services Group, Inc. (HCSG) : Free Stock Analysis Report Loop Industries, Inc. (LOOP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Associated Press
27-03-2025
- Business
- Associated Press
Loop Industries to Participate in Gabelli Funds' 11th Annual Waste & Sustainability Symposium
MONTREAL, QC / ACCESS Newswire / March 27, 2025 / Loop Industries, Inc. (NASDAQ:LOOP) ('Loop'), a clean technology company dedicated to acceleratinga circular plastics economy and circular fashion by manufacturing 100% recycled polyethylene terephthalate (PET) plastic and textile-to-textile polyester fiber, today announced that Daniel Solomita, Founder and CEO, and Kevin O'Dowd, Head of Investor Relations, will be participating in Gabelli Funds' 11th Annual Waste & Sustainability Symposium. Event Details: Location: The Harvard Club, New York City, NY Time: Loop Industries will present at 2:15 PM During the conference, Loop will hold a group presentation and engage in one-on-one meetings with institutional investors and financial analysts. For Virtual Participation: Interested parties are encouraged to register for a virtual meeting through the Gabelli Funds conference portal. Registration Link: Gabelli Conference Registration About Loop Industries Loop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future. Common shares of the Company are listed on the NASDAQ Global Market under the symbol 'LOOP.'
