secwatch.observer — SEC 8-K summary
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Issuer:     Sky Quarry Inc. (SKYQ)
CIK:        0001812447
Form:       8-K
Filed at:   2025-04-03T23:59:59+00:00
Accession:  0001096906-25-000416
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812447/000109690625000416/0001096906-25-000416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812447/000109690625000416/skyq-20250403.htm
  HTML page:      https://secwatch.observer/filing/0001096906-25-000416

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