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 owns patented and proprietary low-energy 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 saltwater, into its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin and polyester fiber suitable for use in food-grade packaging, thus enabling our customers to meet their sustainability objectives. Loop Industries is contributing to the global movement toward a circular economy by preventing plastic waste and recovering waste plastic for a more sustainable future for all.
Company profile
Ticker
LOOP
Exchange
Website
CEO
Daniel Solomita
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Huntsman • Chemours • Ecovyst • FMC • Olin • Perimeter Solutions • GCP Applied • Ingevity • Innospec • Livent ...
Former names
FIRST AMERICAN GROUP INC.
SEC CIK
LOOP stock data
Latest filings (excl ownership)
8-K
Loop Industries Reports Third Quarter Fiscal 2023 Results
12 Jan 23
10-Q
2023 Q3
Quarterly report
12 Jan 23
8-K
Loop Announces Transition In Cfo Position
22 Dec 22
8-K
Loop Industries Reports Second Quarter Fiscal 2023 Results and Provides Update on Continuing Business Developments
12 Oct 22
10-Q
2023 Q2
Quarterly report
12 Oct 22
8-K
Other Events
5 Oct 22
8-K
Completion of Acquisition or Disposition of Assets
20 Sep 22
8-K
Entry into a Material Definitive Agreement
23 Aug 22
8-K
Other Events
3 Aug 22
8-K
Entry into a Material Definitive Agreement
27 Jul 22
Latest ownership filings
Financial summary
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| Annual (USD) | Feb 22 | Feb 21 | Feb 20 | Feb 19 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 25.62 mm | 25.62 mm | 25.62 mm | 25.62 mm | 25.62 mm | 25.62 mm |
| Cash burn (monthly) | (no burn) | 2.44 mm | 337.69 k | 3.42 mm | 1.87 mm | 3.04 mm |
| Cash used (since last report) | n/a | 4.63 mm | 641.57 k | 6.49 mm | 3.55 mm | 5.77 mm |
| Cash remaining | n/a | 21.00 mm | 24.98 mm | 19.13 mm | 22.08 mm | 19.86 mm |
| Runway (months of cash) | n/a | 8.6 | 74.0 | 5.6 | 11.8 | 6.5 |
Institutional ownership, Q3 2022
38.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 39 |
| Opened positions | 6 |
| Closed positions | 11 |
| Increased positions | 5 |
| Reduced positions | 10 |
| 13F shares | Current |
|---|---|
| Total value | 138.86 mm |
| Total shares | 18.20 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Lapham Andrew | 8.15 mm | $64.44 mm |
| SK global chemical | 4.71 mm | $51.34 mm |
| Handelsbanken Fonder AB | 2.53 mm | $10.93 mm |
| Millennium Management | 488.51 k | $2.12 mm |
| Handelsinvest Investeringsforvaltning | 350.00 k | $1.52 mm |
| Vanguard | 341.62 k | $1.48 mm |
| Kore Private Wealth | 245.81 k | $1.06 mm |
| Jackson Hole Capital Partners | 238.50 k | $1.03 mm |
| Geode Capital Management | 229.59 k | $994.00 k |
| BLK Blackrock | 219.81 k | $952.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 28 Jun 22 | Lapham Andrew | Common Stock | Grant | Acquire A | No | No | 0 | 16,686 | 0.00 | 52,677 |
| 28 Jun 22 | Stubina Jay Howard | Common Stock | Grant | Acquire A | No | No | 0 | 16,686 | 0.00 | 75,851 |
| 28 Jun 22 | Louise S Sams | Common Stock | Grant | Acquire A | No | No | 0 | 16,686 | 0.00 | 27,351 |
| 28 Jun 22 | Sellyn Laurence G. | Common Stock | Grant | Acquire A | No | No | 0 | 16,686 | 0.00 | 102,986 |
News
Looking Into Loop Industries's Return On Capital Employed
13 Jan 23
Loop Industries Q3 EPS $(0.02) Beats $(0.19) Estimate
12 Jan 23
Dow Jumps 700 Points; S&P 500 Rises Over 2%
6 Jan 23
Benzinga's Top Ratings Upgrades, Downgrades For December 29, 2022
29 Dec 22
HC Wainwright & Co. Downgrades Loop Industries to Neutral
29 Dec 22
Press releases
Analysts and Executives Converge February 2nd at the 30th Annual Emerald Groundhog Day Investment Forum
26 Jan 23
Loop Industries to Present at the 30th Annual Emerald Groundhog Day Investment Forum on February 2nd, 2023
25 Jan 23
Loop Industries Reports Third Quarter Fiscal 2023 Results
12 Jan 23
Loop Announces Agreement To Sell Bécancour Site for CDN $18.5 Million (US $13.9 Million) and Cost Reduction Measures To Ensure Ongoing Liquidity
22 Dec 22
Loop Announces Transition in CFO Position
22 Dec 22