Annonce • May 31
Loop Energy Gets 120 Days to regain Compliance with TSX Listing Requirement Toronto Stock Exchange granted 120 days to Loop Energy Inc. to regain compliance with continued listing requirements. Annonce • May 16
Loop Energy Inc. Announces the Resignation of Brad Miller from the Board of Directors Loop Energy Inc. announced that Brad Miller has resigned from the Company's Board of Directors. Reported Earnings • Mar 24
Full year 2023 earnings released: CA$1.00 loss per share (vs CA$1.11 loss in FY 2022) Full year 2023 results: CA$1.00 loss per share (improved from CA$1.11 loss in FY 2022). Revenue: CA$2.10m (down 37% from FY 2022). Net loss: CA$34.2m (loss narrowed 8.9% from FY 2022). Annonce • Mar 01
Loop Energy Inc., Annual General Meeting, Apr 26, 2024 Loop Energy Inc., Annual General Meeting, Apr 26, 2024. New Risk • Feb 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$35m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (CA$5.50m market cap, or US$4.08m). Minor Risks Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Revenue is less than US$5m (CA$2.3m revenue, or US$1.7m). Price Target Changed • Nov 24
Price target decreased by 88% to CA$0.15 Down from CA$1.30, the current price target is provided by 1 analyst. New target price is 114% above last closing price of CA$0.07. Stock is down 94% over the past year. The company posted a net loss per share of CA$1.11 last year. Reported Earnings • Nov 12
Third quarter 2023 earnings released: CA$0.43 loss per share (vs CA$0.29 loss in 3Q 2022) Third quarter 2023 results: CA$0.43 loss per share (further deteriorated from CA$0.29 loss in 3Q 2022). Revenue: CA$416.0k (down 70% from 3Q 2022). Net loss: CA$14.7m (loss widened 49% from 3Q 2022). Revenue is forecast to grow 105% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Electrical industry in Canada. Annonce • Oct 25
Loop Energy Inc. to Report Q3, 2023 Results on Nov 09, 2023 Loop Energy Inc. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 Reported Earnings • Aug 04
Second quarter 2023 earnings released: CA$0.24 loss per share (vs CA$0.29 loss in 2Q 2022) Second quarter 2023 results: CA$0.24 loss per share (improved from CA$0.29 loss in 2Q 2022). Revenue: CA$334.0k (down 69% from 2Q 2022). Net loss: CA$8.22m (loss narrowed 17% from 2Q 2022). Revenue is forecast to grow 67% p.a. on average during the next 3 years, compared to a 30% growth forecast for the Electrical industry in Canada. Annonce • Jul 29
Loop Energy Inc. to Report Q2, 2023 Results on Aug 03, 2023 Loop Energy Inc. announced that they will report Q2, 2023 results After-Market on Aug 03, 2023 New Risk • Jul 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$48m free cash flow). Earnings have declined by 47% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Revenue is less than US$5m (CA$4.1m revenue, or US$3.1m). Market cap is less than US$100m (CA$19.2m market cap, or US$14.6m). Board Change • Feb 03
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Chris Clulow was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Jan 31
Loop Energy Inc. Announces Changes to its Board Loop Energy Inc. announced the addition of Brad Miller to its Board of Directors. Miller brings a wealth of experience and success as a leader who has built and scaled multiple clean technology manufacturing businesses to profitability. Miller’s AdvanTec Global Innovations expanded into developing reformers for stationary hydrogen-electric generators and hydrogen fuelling station equipment. Previously Miller founded IMW Industries, and he grew the business to over $100 million in revenue and 700 employees worldwide. In conjunction with this appointment, Neil Murdoch has resigned from the board. Annonce • Dec 16
Loop Energy Inc. Announces Executive Changes Loop Energy announced the addition of Paul Cataford to its Board of Directors. Paul Cataford is a seasoned financial and business executive with over 30 years of success in finance, governance and strategy, specializing in emerging and high-growth technology-based companies. Cataford’s prior experience includes senior executive and board of directors positions with public and private companies including Titan Medical Inc. & Sierra Wireless Inc. Cataford’s appointment continues the evolution of Loop Energy’s Board of Directors that began this year with the appointment of technology industry veteran Kent Thexton as the Chair of the Board. In conjunction with this appointment Allan Collings and Peter Johansson have resigned from the board. Price Target Changed • Nov 16
Price target decreased to CA$3.45 Down from CA$4.10, the current price target is an average from 5 analysts. New target price is 156% above last closing price of CA$1.35. Stock is down 76% over the past year. The company is forecast to post a net loss per share of CA$1.21 next year compared to a net loss per share of CA$0.80 last year. Annonce • Oct 13
Rampini Leaves Diesel Further Behind with Launch of Loop Energy Powered Hydrogen Bus Loop Energy joins Rampini Carlo SpA in unveiling its first hydrogen-electric bus, the HYDRON, at the Next Mobility Exhibition in Milan, Italy, today. Rampini is the third Loop Energy customer to launch a hydrogen-electric bus platform in as many months. It comes after Rampini decided to stop producing diesel buses in 2018 to focus on offering electric platforms, a trend the industry is following. Fuel efficiency was the primary driver in Rampini’s decision to select Loop Energy’s fuel cell for its hydrogen-electric bus platform. Lower fuel consumption in buses can provide cost savings on fuel, extended range and smaller physical footprint requirements, decreasing the total cost of ownership for fleet operators. With more than 50 years of experience manufacturing commercial vehicles, Rampini is committed to offering a diverse range of zero-emissions platforms. The HYDRON is Rampini’s first commercially available hydrogen-electric bus. It joins its battery-electric bus, waste collection truck and power equipment product offerings operating in Spain, France, Germany, Austria and Greece. Rampini has several HYDRON buses in production with Loop Energy fuel cells. Rampini developed the HYDRON bus using its battery-electric bus model, with modifications to incorporate fuel storage and a Loop Energy S300 (30 kW) fuel cell engine. At 8-metres long, the bus has capacity for up to 48 passengers and is fitted with a 10.8 kilogram hydrogen tank that allows for a range of 450 kilometres. The extended range of the bus means operators do not have to refuel while in service. Annonce • Oct 12
Loop Energy Inc. to Report Q3, 2022 Results on Nov 02, 2022 Loop Energy Inc. announced that they will report Q3, 2022 results After-Market on Nov 02, 2022 Annonce • Sep 20
Loop Energy Inc. Unveils Its 120 kW Fuel Cell System At IAA Transportation 2022 in Hannover, Germany Loop Energy Inc. will unveil its 120 kW fuel cell system at IAA Transportation 2022 in Hannover, Germany. The announcement marks a milestone for Loop Energy as it believes this new product is a significant achievement in advancing the global hydrogen industry and the transition of commercial transport industries by achieving fuel cost parity with diesel by up to eight years earlier than previously possible. The 120 kW fuel cell system, the S1200, builds on Loop Energy's existing technology, to provide an additional efficiency gain of 20% when it generates electricity. The S1200 is designed to deliver up to 60% in net system efficiency (1), this efficiency enables an electric vehicle powered by a Loop Energy fuel cell to deliver up to 54% (2) fuel to wheel efficiency compared to the typical fuel to wheel efficiency delivered by a diesel engine powered vehicle of 20% to 25%(3).Loop Energy believes the S1200 and its next-generation technology will significantly benefit commercial vehicle manufacturers, fleet operators and associated industries, as well as the global clean energy transition as governments seek to reach net zero emissions by 2050. Loop Energy has achieved this efficiency gain because of its patented eFlowTM fuel cell architecture. Specifically, Loop Energy uses a signature trapezoid plate with narrowing channels for its bipolar plates, which increases gas velocity down the plate to deliver superior performance for fuel efficiency, and power output. Board Change • Sep 17
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman of the Board Kent Thexton was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 04
Chairman of the Board recently bought CA$62k worth of stock On the 26th of August, Kent Thexton bought around 30k shares on-market at roughly CA$2.08 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Kent's only on-market trade for the last 12 months. Price Target Changed • Aug 05
Price target decreased to CA$4.40 Down from CA$5.05, the current price target is an average from 5 analysts. New target price is 151% above last closing price of CA$1.75. Stock is down 69% over the past year. The company posted a net loss per share of CA$0.80 last year. Annonce • Jul 19
Loop Energy Inc. to Report Q2, 2022 Results on Aug 03, 2022 Loop Energy Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 03, 2022 Annonce • Jun 17
Loop Energy Appoints Kent Thexton as Director and Chair of the Board Loop Energy appointed experienced technology industry leader Kent Thexton as a Director and Chair of the Board with immediate effect. Former Chair, Dr. Andreas Truckenbrodt, will continue as a Director. Kent brings over 30 years of experience leading and growing a diverse range of technology companies. Most recently, he spent three years as the CEO and President of Sierra Wireless, a global leader in wireless communications solutions. Prior to his tenure as CEO, Kent served Sierra Wireless as a Director and Chair of the Board for a total of 13 years. Price Target Changed • May 09
Price target decreased to CA$5.65 Down from CA$6.10, the current price target is an average from 5 analysts. New target price is 146% above last closing price of CA$2.30. Stock is down 71% over the past year. The company posted a net loss per share of CA$0.80 last year. Price Target Changed • Apr 27
Price target decreased to CA$6.10 Down from CA$8.60, the current price target is an average from 5 analysts. New target price is 130% above last closing price of CA$2.65. Stock is down 75% over the past year. The company posted a net loss per share of CA$0.80 last year. Annonce • Apr 26
Loop Energy Inc. to Report Q1, 2022 Results on May 04, 2022 Loop Energy Inc. announced that they will report Q1, 2022 results After-Market on May 04, 2022 Annonce • Apr 08
Loop Energy Technologies (Shanghai) Co. Ltd. Appoints Quan Hu as President Loop Energy announced its wholly-owned subsidiary, Loop Energy Technologies (Shanghai) Co. Ltd. appointed Quan Hu as President on April 1, 2022. In addition, Dr. Leon Liu will join Loop Energy Shanghai's Board of Directors. Quan brings 20 years of experience in the automotive and technology sectors in Asia, North America and Europe. As President of Loop Energy Shanghai, he oversees strategic planning, market expansion, manufacturing operations and partnership management for China. Quan joins from a Chinese developer of zero-emission hydrogen power cells for motive applications, where he served as General Manager for three years. Annonce • Apr 29
Loop Energy Receives and Fulfills Fuel Cell Module Order for Ten Transit Bus Fleet in Nanjing, China Loop Energy announces the receipt and fulfillment of an order for ten units of the company's proprietary eFlow® fuel cell modules from Beijing IN-Power for integration by Skywell New Energy Vehicles Group (Skywell) in Nanjing, China. The shipment marks the second phase of a previously announced memorandum of understanding between the Lishui Economic Development Zone of Nanjing and Beijing IN-Power — Loop Energy'sChina-based joint venture partner supplying the fuel cell engines. This second phase of the agreement is a direct result of a highly successful initial testing period. It marks a meaningful step toward Lishui reaching their objective of deploying a 300-vehicle fleet powered by hydrogen in Nanjing. This is key in complying with China's National Fuel Consumption Standard—a mandate required for all new commercial heavy-duty vehicles sold in China — and proving out the viability of hydrogen electric energy in the bus industry. Skywell's newly released model NJ6106FCEV 10.5m long bus is manufactured by the company's subsidiary Nanjing Golden Dragon Bus Co. Ltd. The vehicle is equipped with a heavy-duty 50kW fuel cell engine, has a range of 450 kilometres with Loop Energy's signature high fuel efficiency eFlow® technology and can eliminate more than 100 tonnes of CO2 emitted per diesel bus annually. Skywell received index approval from China'sMinistry of Industry & Information Technology (MIIT) for a zero-emission public transportation bus powered by Loop Energy's fuel cell engines in 2020. Reported Earnings • Apr 05
Full year 2020 earnings released: CA$0.50 loss per share (vs CA$0.24 loss in FY 2019) Full year 2020 results: Net loss: CA$8.92m (loss widened 108% from FY 2019). Annonce • Mar 04
Loop Energy Inc and Morello Giovanni S.r.l. Signs Strategic Cooperation Agreement Loop Energy Inc. and Morello Giovanni S.r.l. announced the signing of a strategic cooperation agreement for the development and manufacture of heavy-duty hydrogen electric material handling equipment. The agreement anticipates Loop supplying Morello with its eFlow fuel cell modules for integration into hydrogen electric heavy-duty tractors, purpose-engineered for the handling of extra-heavy loads inside industrial plants, including steel and paper mills. The two companies are targeting design completion within the first half of 2021 followed by construction and deployment of the initial quantity of 10 heavy-duty tractors powered by Loop fuel cells with early adopter customers over the following 18 months. As a global leader in extra-heavy material handling equipment, Morello is renowned for its industrial vehicles which can operate with payloads up to 1,000 tons. Previously, Morello successfully designed and launched a battery electric version of their heavy-duty industrial tractor vehicle. Loop Energy's eFlow fuel cell modules have quickly gained market traction with customers in Asia, Europe, and North America due to their market-leading characteristics, including fuel efficiency and ease-of-integration. Loop Energy and Morello intend to pursue additional opportunities within multiple market verticals upon successful completion of the initial product launch. Annonce • Feb 27
Loop Energy Inc Appoints Sophia Langlois to the Board of Directors Loop Energy Inc. announced that Sophia Langlois was appointed to the Board of Directors, effective February 25, 2021. Ms. Langlois served as an audit partner with KPMG LLP from 2006 to 2020 where she supported domestic and international companies in addition to her executive leadership of Corporate Services for the Calgary office, with responsibility for eighty people, while supporting the company's national team of 750 at the corporate services leadership table. During this time, she also led the National Audit Talent Strategy impacting over 2,500 KPMG employees. In addition to her board position with Loop Energy, Ms. Langlois is also a member of the Board of Directors and Audit Committees for Alaris Equity Partners and TELUS Spark Science Centre. She is a Member of the Institute of Corporate Directors, the Chartered Professional Accountants of Alberta, the Human Resources Institute of Alberta, and received her Bachelor of Commerce from the University of Calgary. Annonce • Feb 26
Loop Energy Inc. has completed an IPO in the amount of CAD 100 million. Loop Energy Inc. has completed an IPO in the amount of CAD 100 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 6,125,000
Price\Range: CAD 16
Discount Per Security: CAD 0.96
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 125,000
Price\Range: CAD 16
Discount Per Security: CAD 0.48 