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LOOP Loop Industries

Loop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop owns patented and proprietary low-energy technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and saltwater, into its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin and polyester fiber suitable for use in food-grade packaging, thus enabling our customers to meet their sustainability objectives. Loop Industries is contributing to the global movement toward a circular economy by preventing plastic waste and recovering waste plastic for a more sustainable future for all.

LOOP stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

15 Oct 21
25 Oct 21
28 Feb 22
Quarter (USD)
Aug 21 May 21 Feb 21 Nov 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Feb 21 Feb 20 Feb 19 Feb 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 65.56M 65.56M 65.56M 65.56M 65.56M 65.56M
Cash burn (monthly) (positive/no burn) (positive/no burn) 2.8M 3.99M 3.33M 3.12M
Cash used (since last report) n/a n/a 5.1M 7.28M 6.07M 5.69M
Cash remaining n/a n/a 60.46M 58.28M 59.49M 59.87M
Runway (months of cash) n/a n/a 21.6 14.6 17.9 19.2

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
28 Jun 21 Sellyn Laurence G. RSU Common Stock Grant Acquire A No No 0 8,296 0 74,605
28 Jun 21 Lapham Andrew RSU Common Stock Grant Acquire A No No 0 8,296 0 35,991
28 Jun 21 Stubina Jay Howard RSU Common Stock Grant Acquire A No No 0 8,296 0 49,605

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

12.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 42 41 +2.4%
Opened positions 10 9 +11.1%
Closed positions 9 7 +28.6%
Increased positions 13 10 +30.0%
Reduced positions 8 8
13F shares
Current Prev Q Change
Total value 64.06M 44.78M +43.1%
Total shares 5.23M 5.58M -6.3%
Total puts 155.6K 168.6K -7.7%
Total calls 188.7K 77.9K +142.2%
Total put/call ratio 0.8 2.2 -61.9%
Largest owners
Shares Value Change
Handelsbanken Fonder AB 2.43M $30.02M +8.1%
Vanguard 334.61K $4.13M +4.8%
Baird Financial 272.35K $3.36M +132.3%
Handelsinvest Investeringsforvaltning 250K $3.08M +38.9%
Jackson Hole Capital Partners 238.5K $2.94M -5.9%
BLK Blackrock 224.5K $2.77M -14.6%
Geode Capital Management 218.53K $2.69M +3.5%
Kore Private Wealth 217.24K $2.68M -1.6%
Comerica Bank 150.12K $1.34M 0.0%
Citadel Advisors 132.65K $1.64M NEW
Largest transactions
Shares Bought/sold Change
Creative Planning 0 -821.37K EXIT
Handelsbanken Fonder AB 2.43M +182.34K +8.1%
Baird Financial 272.35K +155.12K +132.3%
Citadel Advisors 132.65K +132.65K NEW
Candriam Luxembourg S.C.A. 0 -103.9K EXIT
Renaissance Technologies 0 -73.6K EXIT
Handelsinvest Investeringsforvaltning 250K +70K +38.9%
Beacon Pointe Advisors 67.86K +67.86K NEW
STT State Street 65.34K +65.34K NEW
Group One Trading 45.77K +45.77K NEW

Financial report summary

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Risks
  • RISKS RELATING TO OUR BUSINESS AND TECHNOLOGY
  • We have incurred net losses since inception. We expect to continue to incur losses for the foreseeable future and may never achieve or maintain profitability. We have never generated material revenue and may never be profitable.
  • Our limited operating history may make it difficult for you to evaluate the success of our business to date and to assess our future viability.
  • We may not be able to execute our business plan or stay in business without additional funding.
  • The global COVID-19 pandemic has adversely affected, and may in the future adversely affect, our business, results of operations and financial condition.
  • The macroeconomic environment in the United States and abroad has adversely affected, and may in the future adversely affect, our ability to raise capital, which may potentially impact our ability to continue our operations.
  • Our technology may not be successful in developing commercial products.
  • We face business risks due to our relationships with strategic partners.
  • If we are unable to successfully scale our manufacturing processes, we may not meet customer demand.
  • Decreases in our ability to develop or apply new technology and know-how may affect our competitiveness.
  • Disruption at, damage to or destruction of our pilot plant or facilities could impede our ability to continue innovating and refining our technological process, which would harm our business, financial condition and operating results.
  • The plastics manufacturing industry is extremely price-competitive because of the commodity-like nature of virgin PET resin and its correlation to the price of crude oil. If our cost to manufacture recycled PET is not competitive with virgin PET or if the price of oil reduces significantly, it may adversely impact our ability to penetrate the market or be profitable.
  • We are vulnerable to fluctuations in the supply and price of raw materials.
  • The loss of the services of Mr. Daniel Solomita, our President and Chief Executive Officer, and Chairman of the Board of Directors, or our failure to timely identify and retain competent personnel could negatively impact our ability to develop our business.
  • We are subject to certain risks related to litigation filed by or against us and investigations we are subject to, and adverse results may harm our business.
  • We have been named as a defendant in a putative shareholder class action lawsuits and are subject to an SEC Investigation which could have a material adverse impact on our business, financial condition, results of operation, cash flows and reputation.
  • Our demonstration and training facility or other facilities must operate under policies, procedures, and controls for the operation of a chemical manufacturing facility as required under various federal, provincial and local regulations and codes. Failure to comply with such regulations and codes may lead to disruption of operations at the demonstration and training facility or other facilities and the development of our technology, and financial sanctions.
  • Our failure to protect our intellectual property and proprietary technology may significantly impair our competitive advantage.
  • We may face costly intellectual property infringement claims, the result of which would decrease the amount of cash available to operate and complete our business plan.
  • We rely in part on trade secrets to protect our technology, and our failure to obtain or maintain trade secret protection could harm our business.
  • If we fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately or timely report our financial condition or results of operations, which may adversely affect investor confidence in us and the price of our common stock.
  • We are subject to risks associated with currency fluctuations, and changes in foreign currency exchange rates could impact our results of operations.
  • We are subject to various federal, provincial, state and local laws and regulations and failure to secure and maintain permits could result in costs that have a material adverse effect on our business, results of operations and financial condition.
  • Raising additional funds may cause dilution to our existing stockholders, restrict our operations or require us to relinquish rights to our technologies.
  • Trading volume in our stock can fluctuate and an active trading market for our common stock may not be available on a consistent basis to provide stockholders with adequate liquidity. Our stock price may be volatile, and our stockholders could incur significant investment losses.
  • Our President and Chief Executive Officer and Chairman of the Board of Directors, Mr. Daniel Solomita, beneficially owns a majority of the total voting power of our capital stock, and accordingly, has control over stockholder matters, our business and management.
  • Anti-takeover effects of certain provisions of Nevada state law hinder a potential takeover of our company.
  • Because we do not intend to pay any cash dividends on our common stock, our stockholders will not be able to receive a return on their shares unless they sell them.
  • Changes in tax legislation in the countries the Company has operations could adversely affect our results of operations and financial condition.
Management Discussion
  • The net loss for the year ended February 28, 2021 increased $21.84 million to $36.34 million, as compared to the net loss for the year ended February 29, 2020 which was $14.51 million. The increase is primarily due to increased research and development expenses of $13.97 million, increased expense for impairment of property, plant and equipment of $5.02 million, increased general and administrative expenses of $4.32 million, a decrease in interest income of $0.41 million and an increased foreign loss of $0.29 million, partially offset by lower interest and other financial expenses of $2.14 million and by lower depreciation and amortization expenses of $0.03 million.
  • The $13.97 million increase in research and development for the year ended February 28, 2021 was primarily attributable to the following:
  • $6.15 million increase in purchases of research and development machinery and equipment, including two new recently installed depolymerization reactors. The Company expensed research and development machinery and equipment in accordance with ASC 730, Research and Development Costs, and no longer capitalizes these costs. The timing of this accounting treatment is related to management’s decision to convert our pilot plant to exclusively a demonstration and training facility for our future Infinite Loop™ manufacturing facilities, therefore foregoing any alternative future use of its machinery and equipment assets in other applications;
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