Sky Quarry Inc. is an enterprise with a diversified operational scope spanning oil production, refining, and ecological restoration. The company's environmental endeavors ...
Sky Quarry Inc. (SKYQ) is an integrated energy solutions company operating in the United States with a dual emphasis: (1) energy production and refining activities and (2) environmental remediation tied to waste asphalt shingle management. The company’s business model is designed around addressing the landfill disposal impacts of waste asphalt ...Sky Quarry Inc. (SKYQ) is an integrated energy solutions company operating in the United States with a dual emphasis: (1) energy production and refining activities and (2) environmental remediation tied to waste asphalt shingle management. The company’s business model is designed around addressing the landfill disposal impacts of waste asphalt roofing materials while also creating value through the transformation of waste into hydrocarbons and other resources.
From a business perspective, Sky Quarry describes itself as moving beyond a single-line recycling or environmental project by pairing resource recovery with downstream energy operations. The company’s activities span oil production and the development of oil-sand-related resources, along with processing heavy crude oil to produce diesel and other petroleum-based products. In parallel, the company highlights environmental initiatives such as reclamation of oil-saturated lands and the recycling of spent asphalt shingles.
Product and services-wise, Sky Quarry’s differentiator is its proprietary technology for converting waste asphalt shingles into “sustainable oil and other resources.” In practice, this implies a process that takes a normally discarded input stream (waste shingles) and routes it into usable output streams that can support energy production and/or related resource recovery. Operationally, the company indicates it owns and develops processing facilities, including an oil extraction facility and an oil refinery in Nevada. It has also communicated milestones related to refinery production and storage/inventory readiness.
Cost structure and bill-of-materials (BOM) specifics are not provided in the supplied information. However, as an integrated operator combining upstream resource extraction, midstream processing, and refinery conversion, major cost drivers likely include feedstock handling (waste shingle acquisition/sorting), extraction and refining operations, site development, logistics, and environmental compliance. Financial indicators from the provided snapshot suggest profitability and cash generation have been challenging in the recent period (e.g., negative margins and negative free cash flow metrics in the snapshot), which is consistent with early-stage scaling and ramp-up dynamics typical for newly public or development-stage industrial operators.
Key people include Marcus Laun (co-founder and Interim CEO/President, stepping in after leadership changes noted in public references). The company was incorporated in Delaware in June 2019 under the name Recoteq, Inc., and changed its name to Sky Quarry Inc. on April 22, 2020. Sky Quarry is headquartered in Woods Cross, Utah. With a reported employee count of about 26, it operates with a relatively small team for an industrial and refining-focused business, implying reliance on specialized contractors, partnerships, and phased operational ramp.
In terms of near-term wishes or priorities implied by public communications, the company appears focused on scaling production capacity (including refinery throughput readiness), improving operational performance as facilities come online, and advancing its waste-to-resource technology to establish a sustainable feedstock-to-output pathway.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$12.5M
-46.5%
+57341514260.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-12.2M
+17.2%
-74.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
-25.5%
-327.2%
+99.7%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-73.9%
-129.4%
+99.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-97.7%
-54.9%
+100.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-3.4M
+62.0%
-369.2%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-27.3%
+29.0%
+100.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
311.6%
+227.4%
-81.9%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.09x
-78.2%
+862.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
