Loop Industries, Inc.'s (NASDAQ:LOOP) Shift From Loss To Profit [Yahoo! Finance]
Loop Industries, Inc. (LOOP)
US:NASDAQ Investor Relations:
loopindustries.com/en/investors/home
Company Research
Source: Yahoo! Finance
Loop Industries, Inc., a technology company, focuses on depolymerizing waste polyethylene terephthalate PET plastics and polyester fibers, including plastic bottles, packaging, carpets and textiles of any color, transparency and even ocean plastics that have been degraded by the sun and salt, to its base building blocks. The US$163m market-cap company's loss lessened since it announced a US$21m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$11m, as it approaches breakeven. The most pressing concern for investors is Loop Industries' path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts' expectations for the company. View our latest analysis for Loop Industries According to the 3 industry analysts covering Loop Industries, the consensus is that breakeven is near. They anticipate the company to incur a final loss in 2025, before generating positive profits of US$31m in 2026. Theref
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News
- Loop Industries and Ester Industries Ltd. Announce Joint Venture Agreement to Build an Infinite Loop(TM) Manufacturing Facility in India to Produce rDMT, rMEG and Specialty Polymers From Waste Polyesters with a Significantly Lower Carbon Footprint [Yahoo!Yahoo!
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- Insiders own 33% of Loop Industries, Inc. (NASDAQ:LOOP) shares but retail investors control 44% of the company [Yahoo! Finance]Yahoo! Finance
- Loop Industries to Participate in Gabelli Funds' 10th Annual Waste & Sustainability Symposium Taking Place April 4th, 2024 [Yahoo! Finance]Yahoo! Finance