Loop Industries Inc. (LOOP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
480 FERNAND POITRAS TERREBONNE, QC J6Y 1Y4 |
| State of Incorp. | NV |
| Fiscal Year End | February 29 |
| Industry (SIC) | 28 - Chemicals And Allied Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 8/31/2024 MRQ | 2/29/2024 | 11/30/2023 MRQ | 2/28/2023 | 2/28/2022 | 2/28/2021 | 2/29/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 6,958 | 9,366 | 29,591 | 44,061 | 35,222 | 33,718 | |||
| Cash and cash equivalents | 6,958 | 9,366 | 29,591 | 44,061 | 35,222 | 33,718 | |||
| Receivables | 351 | 411 | 1,075 | 1,716 | 1,764 | 665 | |||
| Inventory, net of allowances, customer advances and progress billings | 102 | 937 | 727 | ||||||
| Inventory | 102 | 937 | 727 | ||||||
| Prepaid expense | 577 | 470 | 636 | 2,966 | 610 | 141 | |||
| Asset, held-for-sale, not part of disposal group | 3,389 | ||||||||
| Other undisclosed current assets | 9,460 | 4,396 | |||||||
| Total current assets: | 7,988 | 20,644 | 36,424 | 52,133 | 37,596 | 34,523 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 10,636 | 2,267 | 2,545 | 5,693 | 3,513 | 7,260 | |||
| Long-term investments and receivables | 381 | 1,500 | 850 | ||||||
| Long-term investments | 381 | 1,500 | 850 | ||||||
| Intangible assets, net (including goodwill) | 1,548 | 1,485 | 1,210 | 1,014 | 795 | 203 | |||
| Intangible assets, net (excluding goodwill) | 1,548 | 1,485 | 1,210 | 1,014 | 795 | 203 | |||
| Other undisclosed noncurrent assets | 381 | 381 | 381 | ||||||
| Total noncurrent assets: | 12,565 | 4,133 | 4,136 | 7,088 | 5,808 | 8,313 | |||
| TOTAL ASSETS: | 20,553 | 24,777 | 40,560 | 59,220 | 43,404 | 42,837 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,321 | 1,560 | 2,510 | 9,847 | 8,125 | 2,083 | |||
| Accounts payable | 8,125 | 2,083 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 2,321 | 1,560 | 2,510 | 9,847 | |||||
| Deferred revenue | |||||||||
| Debt | 100 | 501 | 62 | 938 | 52 | ||||
| Other undisclosed current liabilities | 1,000 | 1,012 | (1) | ||||||
| Total current liabilities: | 2,421 | 3,061 | 3,584 | 9,847 | 9,062 | 2,135 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,220 | 2,814 | 3,240 | 3,378 | 1,516 | 2,238 | |||
| Long-term debt, excluding current maturities | 3,220 | 2,814 | 3,240 | 3,378 | 1,516 | 2,238 | |||
| Other undisclosed noncurrent liabilities | 770 | 1 | |||||||
| Total noncurrent liabilities: | 3,990 | 2,814 | 3,240 | 3,378 | 1,517 | 2,238 | |||
| Total liabilities: | 6,411 | 5,875 | 6,825 | 13,225 | 10,579 | 4,373 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 14,142 | 18,902 | 33,735 | 45,995 | 32,825 | 38,464 | |||
| Common stock | 5 | 5 | 5 | 5 | 4 | 4 | |||
| Additional paid in capital | 171,792 | 171,510 | 170,370 | 150,397 | 113,663 | 82,379 | |||
| Accumulated other comprehensive loss | (1,070) | (1,120) | (1,141) | (96) | (7) | (388) | |||
| Accumulated deficit | (176,970) | (171,878) | (155,883) | (134,583) | (89,662) | (53,317) | |||
| Other undisclosed equity, attributable to parent | 20,385 | 20,385 | 20,386 | 30,272 | 8,826 | 9,786 | |||
| Total equity: | 14,142 | 18,902 | 33,735 | 45,995 | 32,825 | 38,464 | |||
| TOTAL LIABILITIES AND EQUITY: | 20,553 | 24,777 | 40,560 | 59,220 | 43,404 | 42,837 | |||
Income Statement (P&L) ($ in thousands)
| 8/31/2024 TTM | 2/29/2024 | 11/30/2023 TTM | 2/28/2023 | 2/28/2022 | 2/28/2021 | 2/29/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 153 | 280 | 173 | |||||
| Cost of revenue | (41) | (4,335) | ||||||
| Cost of goods and services sold | (4,335) | |||||||
| Financing interest expense | (41) | |||||||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 112 | 107 | (4,163) | |||||
| Operating expenses | (21,902) | (24,204) | (38,325) | (44,921) | (36,345) | (14,505) | ||
| Other undisclosed operating loss | (4,163) | |||||||
| Operating loss: | (21,790) | (28,260) | (42,488) | (44,921) | (36,345) | (14,505) | ||
| Nonoperating income (expense) | (63) | 1 | 33 | |||||
| Loss, foreign currency transaction, before tax | (63) | |||||||
| Other nonoperating income (expense) | 1 | 33 | ||||||
| Interest and debt expense | (84) | (2,273) | (2,348) | (154) | (82) | (2,223) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 33 | |||||||
| Loss from continuing operations: | (21,937) | (30,499) | (44,803) | (45,075) | (36,427) | (16,729) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (45,075) | (36,427) | (16,729) | |
| Other undisclosed net income (loss) | 23,502 | 23,502 | ||||||
| Net loss: | (21,937) | (6,997) | (21,301) | (45,075) | (36,427) | (16,729) | ||
| Other undisclosed net income attributable to parent | 850 | 349 | 154 | 82 | 2,223 | |||
| Net loss available to common stockholders, diluted: | (21,087) | (6,648) | (21,301) | (44,921) | (36,345) | (14,505) | ||
Comprehensive Income ($ in thousands)
| 8/31/2024 TTM | 2/29/2024 | 11/30/2023 TTM | 2/28/2023 | 2/28/2022 | 2/28/2021 | 2/29/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (21,937) | (6,997) | (21,301) | (45,075) | (36,427) | (16,729) | ||
| Other comprehensive income (loss) | 71 | (864) | (1,045) | |||||
| Comprehensive loss: | (21,866) | (7,861) | (22,346) | (45,075) | (36,427) | (16,729) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 850 | 349 | 65 | 464 | 2,125 | |||
| Comprehensive loss, net of tax, attributable to parent: | (21,016) | (7,511) | (22,346) | (45,010) | (35,963) | (14,604) | ||
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.