Sky Quarry Inc.

Analysis for Ticker: SKYQ

Sky Quarry Inc operates as an integrated energy business focused on turning waste asphalt shingles into sustainable energy products through technologies like ECOSolv and refining heavy crude oil at its facility in Nevada. The internal accounting exposes a business struggling under an accumulated deficit of 36,16$ million and usurious debt that carries interest rates as high as 68%. During 12/2024, the company lost 7,52$ million and burns through 272.731$ in cash every month, which is a disaster because the treasury only holds 35.370$. To a child, this looks like a lemonade stand that spends 2$ for every 1$ it earns and only stays open by borrowing money from a bully who takes the cash back every week.