Reports Q3 revenue $4.847M vs $14.398M last year. “The third quarter was a transformative validation for Sky Quarry (SKYQ) with our successful listing on the Nasdaq Stock Market and the closing of a $6.7 million public offering to fund our strategy to revolutionize the waste asphalt shingle recycling industry,” said David Sealock, Chief Executive Officer of Sky Quarry. “Being listed on a national exchange increases corporate visibility, improves liquidity, and raises awareness of Sky Quarry in the financial markets. The quarter was marked by a decrease in revenue due to a combination of reduction in WTI pricing and refurbishment of the Foreland refinery. WTI pricing fell from $87 per barrel on April 5, 2024, to $67 per barrel on September 10, 2024, which corresponded with reduced pricing in the end products.”
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