ProFrac Holding Corp. Reports Full Year and Fourth Quarter 2024 Results
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ProFrac Holding Corp. (NASDAQ: ACDC) reported its financial results for the full year and fourth quarter of 2024. The company experienced a decline in revenue to $2.19 billion from $2.63 billion in 2023, and a net loss of $208 million compared to a $59 million loss in 2023. Adjusted EBITDA also decreased to $501 million from $688 million.
March 06, 2025 | 10:15 am
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ProFrac Holding Corp. reported a significant decline in revenue and increased net loss for 2024, indicating financial challenges. Adjusted EBITDA also decreased, suggesting reduced profitability.
The reported decline in revenue and increased net loss for ProFrac Holding Corp. suggests financial difficulties, which is likely to negatively impact the stock price in the short term. The decrease in adjusted EBITDA further indicates reduced profitability.
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