Loop Industries reports Q2 FY2027 loss and scales back India plant to 45 kilotonnes
Loop Industries announced its second‑quarter fiscal 2027 results, posting a net loss of $2.99 million on revenue of $117 thousand. The company said it will reduce the size of its first Indian commercial plant to 45 kilotonnes per year to lower capital needs and speed up construction. A board‑formed special committee is evaluating financing options for the India joint venture, and total available liquidity stood at $1.9 million as of August 31, 2026.
Why it matters
The lower‑capacity design cuts the projected capital outlay, which may reduce the amount of equity or debt Loop must raise to fund the project. Investors should note that the company’s cash balance is limited to $836 thousand, with total liquidity of $1.9 million, highlighting the need for additional financing to sustain operations through commercial start‑up.
Key facts
- 1Loop reported Q2 FY2027 revenue of $117 thousand. tradingview.com
- 2Net loss for the quarter was $2.99 million. tradingview.com
- 3Cash and cash equivalents were $836 thousand at period end. tradingview.com
- 4Total available liquidity was $1.9 million as of August 31, 2026. sec.gov
- 5The planned Indian facility will be built to a capacity of 45 kilotonnes per annum. sec.gov
- 6A special committee created in September 2026 is reviewing financing alternatives for the India joint venture. sec.gov
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.