---
schema_version: "secwatch.filing_event.v1"
accession: "0001096906-25-000416"
form_type: "8-K"
ticker: "SKYQ"
cik: "0001812447"
company_name: "Sky Quarry Inc."
filed_at: "2025-04-03T23:59:59+00:00"
generated_at: "2026-05-23T22:44:43.748030+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001096906-25-000416
- form_type: 8-K
- ticker: SKYQ
- cik: 0001812447
- company_name: Sky Quarry Inc.
- filed_at: 2025-04-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1812447/000109690625000416/0001096906-25-000416-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1812447/000109690625000416/skyq-20250403.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096906-25-000416
- JSON: https://secwatch.observer/filing/0001096906-25-000416.json
- Plain text: https://secwatch.observer/filing/0001096906-25-000416.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.