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Stock impact report

Breakeven On The Horizon For Loop Industries, Inc. (NASDAQ:LOOP) [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. With the latest financial year loss of US$21m and a trailing-twelve-month loss of US$27m, the US$56m market-cap company amplified its loss by moving further away from its breakeven target. Many investors are wondering about the rate at which Loop Industries will turn a profit, with the big question being “when will the company breakeven?” In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable. Check out our latest analysis for Loop Industries Consensus from 3 of the American Chemicals analysts is that Loop Industries is on the verge of breakeven. They anticipate the company to incur a final loss Show less Read more
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