Loop Industries Q2 Revenue Collapses to $117K as Losses Persist
LOOP sits 19% above its 52-week low of $0.327 on light trading volume (0.1× avg).
Summary
Loop Industries reported Q2 revenue of just $117,000 and a net loss of $2.988 million, a sharp sequential decline from Q1's $179,000 top line. The company remains pre-revenue at scale, and the shrinking sales figure underscores how little commercial traction exists ahead of any planned plant buildout. This follows the July 29 Nasdaq delisting notices tied to the sub-$50 million market value and the September 17 formation of a Strategic Alternatives Committee to explore a sale or going-private transaction. Total available liquidity was $1.9 million as of August 31, 2026, and cash operating expenses were $1.6 million for Q2, while management has already flagged going-concern risk; the loss, which narrowed on lower R&D expenses, keeps the company dependent on outside capital or a strategic deal. The company also announced a plan to expedite development of its India facility, rescaling the India plant to 45 KTA. The board's strategic review remains the key near-term event to track.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Loop Industries reported total available liquidity of $1.9 million as of August 31, 2026, and cash operating expenses of $1.6 million for Q2.
At the time of this announcement, LOOP was trading at $0.39 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $18M. The 52-week trading range was $0.33 to $1.95. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.