on Loop Industries, Inc. (NASDAQ:LOOP)
Loop Industries Announces Third Quarter Fiscal 2026 Results
Loop Industries reported its fiscal Q3 2026 results, alongside updates on strategic developments. The company secured an offtake agreement with Nike for its Infinite Loop India venture, a significant milestone with Nike as an anchor customer. The engineering contract for the India JV has been awarded to Toyo Engineering, finalizing the plans for the facility's construction.
In Europe, Loop and Reed Societe Generale are finalizing site selection for their first European Infinite Loop facility, set to enhance profitability and shorten timelines. Financially, Loop's net loss for Q3 2026 decreased significantly from the previous year, attributed to reduced research and administrative expenses. Spencer Hart's appointment as CFO aims to bolster Loop's financial strategy as the company scales globally.
R. P.
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