Sky Quarry receives Nasdaq bid price deficiency notice; FY2024 revenue $23.3M, net loss $14.7M

Sky Quarry Inc.

Nasdaq notified Sky Quarry that its stock bid price closed below $1.00 for 30 consecutive days; 180-day cure period until Sept 24, 2025.
FY2024 revenue of $23.3M, down 54% from $50.7M in 2023; gross loss of $1.4M vs $2.3M profit prior year.
Net loss for FY2024 widened to $14.7M from $4.4M in 2023; operating expenses increased to $6.1M from $3.7M.
Signed LOI with RB Residential Roofing to secure steady supply of post-consumer shingles for recycling.
Appointed Leo Womack and Todd Palin to Board; plans first ASR modular facility deployment in FY2025.

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