Loop Industries (NASDAQ:LOOP) Full Year 2024 Results

Key Financial Results

• Net loss: US$21.1m (loss narrowed by 1.0% from FY 2023).

• US$0.44 loss per share (improved from US$0.45 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Loop Industries Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%.

Looking ahead, revenue is forecast to grow 49% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are down 5.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Loop Industries that we have uncovered.

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