Loop Energy Q1 2021 Earnings Results and Conference Call News provided by Share this article Share this article Backlog increases to $37.6M at April 30 from $16.4M at January 31, 2021, an increase of 129% in 3 months Entered into Phase II of the Skywell relationship with a bus order of 10 Fuel Cell Units VANCOUVER, BC, May 12, 2021 /PRNewswire/ - Loop Energy (TSX: LPEN) today announced consolidated financial results for the first quarter ending March 31, 2021. All amounts are in CAD dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). "During Q1 2021, Loop Energy completed its $100M IPO on the TSX," said Ben Nyland, President and CEO, Loop Energy. "This historic event marks the first time in the Company's history of having sufficient capital to execute on a commercial roll-out and scale up of Loop Energy's proprietary eFlow™ technology. With this recent round of investment, the Company has started the process of expanding our sales and amplifying our technology and product development teams, and the results are now beginning to show."