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Loop Industries reduces costs but reports $15 million funding gap for India project

Loop Industries cut operating cash expenditures in the quarter by 46% to $2.6 million and shows available liquidity of $12.3 million. The company plans a 154,000-tonne-per-year plant in Gujarat, India, by the end of 2027 but has a $15 million funding gap for the project. CEO Daniel Solomita highlighted cost efficiency and fixed-price contracts as competitive advantages, while noting continued construction and financing risks. » More on de.investing.com

Historical dividends Dividends

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In 2022, Loop Energy has already paid €1.00 in dividends. The last payout was in August 2022.

Financials

In the last year, Loop Energy had revenue of €1.44M and net profit of -€23.32M

(EUR)	2023	YoY
Revenue	1.44M	37.17%
Gross profit	-6.92M	0.73%
Net profit	-23.32M	9.46%
EBITDA	-20.7M	14.83%

Fundamentals

Metric	Value
Market capitalization	€2.37M
Number of shares	34.44M
52-week high/low	€0.0688 - €0.0602
Dividends	No
Beta	1.79
P/E ratio	-0.04
PEG ratio	0.00
P/B ratio	0.22
P/S ratio	0.65

Company profile

Loop Energy Inc. entwickelt, fertigt und liefert Wasserstoff-Brennstoffzellen an Hersteller von Fahrzeugen und Stromerzeugungssystemen weltweit. Das Unternehmen bietet seine Brennstoffzellensysteme für die Elektrifizierung von leichten Nutzfahrzeugen, Transitbussen sowie mittelschweren und schweren Lastkraftwagen an. Loop Energy Inc. wurde im Jahr 2000 gegründet und hat seinen Hauptsitz in Burnaby, Kanada.