The company primarily uses crude oil and other petroleum fuel operational inputs as raw materials, sourcing mainly from regional producers and suppliers. For the year ended December 31, 2024, three vendors accounted for 20%, 13%, and 11% of these supplies. Raw materials are purchased through purchase orders without firm, long-term contracts, which may impact supply timeliness and cost. Insufficient raw material availability could delay product delivery and negatively affect revenue and gross profit margins. The company relies on several principal suppliers for most of its crude oil, and any disruptions or changes in these relationships could adversely affect its business, financial condition, and results of operations.
Sky Quarry's Comment on Supply Chain
The company primarily uses crude oil and other petroleum fuel operational inputs as raw materials, sourcing mainly from regional producers and suppliers. For the year ended December 31, 2024, three vendors accounted for 20%, 13%, and 11% of these supplies. Raw materials are purchased through purchase orders without firm, long-term contracts, which may impact supply timeliness and cost. Insufficient raw material availability could delay product delivery and negatively affect revenue and gross profit margins. The company relies on several principal suppliers for most of its crude oil, and any disruptions or changes in these relationships could adversely affect its business, financial condition, and results of operations.
Sources:
Sky Quarry Inc.'s official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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