Loop Industries, Inc. (LOOP) Financial Statements (2024 and earlier)

Company Profile

Business Address 480 FERNAND POITRAS
TERREBONNE, QC J6Y 1Y4
State of Incorp. NV
Fiscal Year End February 28
Industry (SIC) 28 - Chemicals And Allied Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

8/31/2023
MRQ
2/28/2023
11/30/2022
MRQ
2/28/2022
2/28/2021
2/29/2020
2/28/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29,59121,52544,06135,22233,7185,833
Cash and cash equivalents29,59121,52544,06135,22233,7185,833
Receivables1,0751,6061,7161,764665599
Inventory, net of allowances, customer advances and progress billings727426    
Inventory727426    
Prepaid expense6364,0552,966610141227
Asset, held-for-sale, not part of disposal group  3,7583,389   
Other undisclosed current assets4,3964,100    
Total current assets:36,42435,47152,13337,59634,5236,659
Noncurrent Assets
Property, plant and equipment2,5452,6785,6933,5137,2605,371
Long-term investments and receivables   3811,500850 
Long-term investments   3811,500850 
Intangible assets, net (including goodwill)1,2101,1111,014795203128
Intangible assets, net (excluding goodwill)1,2101,1111,014795203128
Other undisclosed noncurrent assets381381    
Total noncurrent assets:4,1364,1707,0885,8088,3135,499
TOTAL ASSETS:40,56039,64159,22043,40442,83712,158
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,5106,9689,8478,1252,0832,670
Accounts payable    8,1252,0832,670
Other undisclosed accounts payable and accrued liabilities2,5106,9689,847   
Debt6247 9385253
Other undisclosed current liabilities1,0121,000 (1) 5,856
Total current liabilities:3,5848,0159,8479,0622,1358,579
Noncurrent Liabilities
Long-term debt and lease obligation3,2403,2423,3781,5162,238952
Long-term debt, excluding current maturities3,2403,2423,3781,5162,238952
Other undisclosed noncurrent liabilities    1  
Total noncurrent liabilities:3,2403,2423,3781,5172,238952
Total liabilities:6,82511,25713,22510,5794,3739,531
Equity
Equity, attributable to parent, including:33,73528,38345,99532,82538,4642,626
Common stock555443
Additional paid in capital170,370170,175150,397113,66382,37938,966
Accumulated other comprehensive loss(1,141)(953)(96)(7)(388)(290)
Accumulated deficit(155,883)(161,307)(134,583)(89,662)(53,317)(38,812)
Warrants and rights outstanding      220
Other undisclosed equity, attributable to parent20,38620,46330,2728,8269,7862,539
Total equity:33,73528,38345,99532,82538,4642,626
TOTAL LIABILITIES AND EQUITY:40,56039,64159,22043,40442,83712,158

Income Statement (P&L) ($ in thousands)

8/31/2023
TTM
2/28/2023
11/30/2022
TTM
2/28/2022
2/28/2021
2/29/2020
2/28/2019
Revenues173160    
Cost of revenue
(Cost of Goods and Services Sold)
 (4,335)     
Gross profit:(4,163)160    
Operating expenses(38,325)(48,654)(44,921)(36,345)(14,505)(17,536)
Other undisclosed operating loss      
Operating loss:(42,488)(48,494)(44,921)(36,345)(14,505)(17,536)
Nonoperating income
(Other Nonoperating income)
332    
Interest and debt expense(2,348)(193)(154)(82)(2,223)(467)
Other undisclosed income from continuing operations before equity method investments, income taxes      
Loss from continuing operations:(44,803)(48,686)(45,075)(36,427)(16,729)(18,003)
Loss before gain (loss) on sale of properties:(47,652)(45,075)(36,427)(16,729)(18,003)
Other undisclosed net income23,50236,033    
Net loss:(21,301)(12,653)(45,075)(36,427)(16,729)(18,003)
Other undisclosed net income (loss) attributable to parent (35,841)154822,223467
Net loss available to common stockholders, diluted:(21,301)(48,494)(44,921)(36,345)(14,505)(17,536)

Comprehensive Income ($ in thousands)

8/31/2023
TTM
2/28/2023
11/30/2022
TTM
2/28/2022
2/28/2021
2/29/2020
2/28/2019
Net loss:(21,301)(12,653)(45,075)(36,427)(16,729)(18,003)
Other comprehensive loss(1,045)(857)    
Other undisclosed comprehensive loss  (299)    
Comprehensive loss:(22,346)(13,808)(45,075)(36,427)(16,729)(18,003)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (35,930)654642,125346
Comprehensive loss, net of tax, attributable to parent:(22,346)(49,738)(45,010)(35,963)(14,604)(17,658)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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