Loop Industries Q3 Revenue Crashes 98%, Exceeding Analyst Fears
LOOP sits 52% above its 52-week low of $0.88.
Summary
Loop Industries reported a catastrophic 98.4% year-over-year revenue decline in Q3 to just $176K, significantly worse than analyst expectations for a 92.8% drop. The company also posted a $2.7M net loss for the quarter and a $12.3M net loss for the full fiscal year 2026. This severe revenue collapse follows the recent 10-K filing which included a going concern warning and confirmed a 95% revenue drop. While Loop Industries secured C$2.92M in NRC IRAP funding and announced cost cuts, this funding is unlikely to materially offset the operational challenges indicated by the near-total revenue loss.
At the time of this announcement, LOOP was trading at $1.34 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $65.3M. The 52-week trading range was $0.88 to $2.29. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Wiseek News.