Smart Sand, Inc. Announces Third Quarter 2024 Results
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Smart Sand, Inc. reported its third quarter 2024 results, with total tons sold at approximately 1.2 million, revenue of $63.2 million, a net loss before taxes of $5.2 million, and an adjusted EBITDA of $5.7 million.
November 12, 2024 | 9:15 pm
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Smart Sand, Inc. reported a net loss before taxes of $5.2 million for Q3 2024, despite achieving $63.2 million in revenue and an adjusted EBITDA of $5.7 million.
The net loss before taxes of $5.2 million indicates financial challenges despite revenue generation, which could negatively impact investor sentiment and short-term stock price. The adjusted EBITDA of $5.7 million shows some operational efficiency, but the overall financial performance is concerning.
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