Sky Quarry Faces Nasdaq Compliance Challenge Amid Revenue Drop

Sky Quarry, Inc. ( (SKYQ) ) just unveiled an update.

Sky Quarry Inc. received a Nasdaq Staff Deficiency Letter on March 28, 2025, due to its common stock bid price falling below the $1.00 minimum requirement for 30 consecutive business days. The company has until September 24, 2025, to regain compliance, with potential for an additional 180-day period if necessary. Meanwhile, Sky Quarry announced its financial results for the year ending December 31, 2024, reporting a revenue of $23.3 million, a significant decrease from the previous year. The company is focusing on strategic partnerships and expanding its operations, including a collaboration with RB Residential Roofing and the development of modular extraction facilities, to drive revenue growth and enhance its market position.

More about Sky Quarry, Inc.

Sky Quarry Inc. (NASDAQ:SKYQ) is an integrated energy solutions company focused on revolutionizing the waste asphalt shingle recycling industry. The company is involved in oil production, refining, and environmental remediation, aiming to recycle waste asphalt shingles and remediate oil-saturated sands and soils, thereby contributing to improved waste management and resource efficiency.

YTD Price Performance: -45.22%

Average Trading Volume: 124,158

Technical Sentiment Signal: Strong Buy

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