<span item_type="fundamental" item_id="9d950c53207d53456491a3bd843c68bb" counter_id="ST/US/SKYQ" env="prod"></span><span item_type="announcement" item_id="582816881221966209" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 1.337 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.17.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -1.494 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Net Sales</strong>: $1,336,963 for the three months ended September 30, 2025, compared to $4,846,795 for the same period in 2024. Year-to-date net sales were $12,211,402 for the nine months ended September 30, 2025, compared to $19,174,369 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1812447/000109690625001869/skyq-20250930_10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Gross Margin</strong>: -$1,050,763 for the three months ended September 30, 2025, compared to $95,956 for the same period in 2024. Year-to-date gross margin was -$1,893,824 for the nine months ended September 30, 2025, compared to $179,816 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1812447/000109690625001869/skyq-20250930_10q.htm"></span></li><li><strong>Operating Expenses</strong>: $1,502,038 for the three months ended September 30, 2025, compared to $1,281,108 for the same period in 2024. Year-to-date operating expenses were $5,061,408 for the nine months ended September 30, 2025, compared to $3,861,835 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1812447/000109690625001869/skyq-20250930_10q.htm"></span></li><li><strong>Net Loss</strong>: $3,790,684 for the three months ended September 30, 2025, compared to $4,445,260 for the same period in 2024. Year-to-date net loss was $9,333,028 for the nine months ended September 30, 2025, compared to $10,524,493 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1812447/000109690625001869/skyq-20250930_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Operating Cash Flow</strong>: Net cash used in operating activities was -$1,982,648 for the nine months ended September 30, 2025, compared to -$4,616,746 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1812447/000109690625001869/skyq-20250930_10q.htm"></span></li><li><strong>Investing Cash Flow</strong>: Net cash used in investing activities was -$124,859 for the nine months ended September 30, 2025, compared to -$1,899,212 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1812447/000109690625001869/skyq-20250930_10q.htm"></span></li><li><strong>Financing Cash Flow</strong>: Net cash provided by financing activities was $316,230 for the nine months ended September 30, 2025, compared to $5,023,764 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1812447/000109690625001869/skyq-20250930_10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Inventory</strong>: Inventory decreased by $1,796,495 as of September 30, 2025, compared to December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1812447/000109690625001869/skyq-20250930_10q.htm"></span></li><li><strong>Accounts Receivable</strong>: Accounts receivable decreased by $919,432 as of September 30, 2025, compared to December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1812447/000109690625001869/skyq-20250930_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><h4>Core Business Focus</h4><ul><li><strong>Production Resumption</strong>: The company expects production to resume in January 2026 after being limited due to crude supplier disruptions and delays in completing certain maintenance activities.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1812447/000109690625001869/skyq-20250930_10q.htm"></span></li><li><strong>Revenue Growth</strong>: The company aims to increase revenues by securing greater volumes of crude oil for its Foreland refinery, which should enhance its contribution margin.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1812447/000109690625001869/skyq-20250930_10q.htm"></span></li><li><strong>Debt Management</strong>: The company is pursuing opportunities to reduce debt service through refinancing or repayment of existing obligations, establish strategic partnerships, and raise capital through equity or debt offerings, or a combination of these actions.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1812447/000109690625001869/skyq-20250930_10q.htm"></span></li></ul><h4>Non-Core Business</h4><ul><li><strong>PR Spring Facility</strong>: The company plans to retrofit the PR Spring Facility to recycle waste asphalt shingles using its ECOSolv technology, to produce and sell oil as well as asphalt paving aggregate mined from its bitumen deposit.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1812447/000109690625001869/skyq-20250930_10q.htm"></span></li><li><strong>Modular Asphalt Shingle Recycling Facilities</strong>: The company plans to develop modular asphalt shingle recycling facilities which can be deployed in cities with high concentrations of waste asphalt shingles and near asphalt shingle manufacturing centers.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1812447/000109690625001869/skyq-20250930_10q.htm"></span></li></ul>

Sky Quarry | 10-Q: FY2025 Q3 Revenue: USD 1.337 M