Why did SKYE's operating expenses surge in Q4 2024?
5/9/2025 04:23pm
Skye Bioscience's operating expenses did not surge in Q4 2024. The company's reported quarterly adjusted loss for Q4 2024 was $24 per share, with a reported revenue of zero. The absence of revenue and negative earnings suggest that Skye Bioscience's operating expenses were significant, but it is not accurate to say that they surged. The company's financials are currently under pressure due to the high expenses and lack of revenue, which is reflected in the negative earnings and zero revenue reported for the quarter.