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ProFrac Holding Corp. Reports Full Year and Fourth Quarter 2024 Results

1. ProFrac reported a significant revenue decline of 16.8% for 2024. 2. The company's net loss increased to $208 million, impacting overall performance.

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-2.61%S&P 500
$6.5403/06 05:04 AM EDTEvent Start
$7.10503/07 11:27 AM EDTLatest Updated
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FAQ

Why Very Bearish?

The substantial revenue and net loss decline signals operational challenges, reminiscent of historical downturns in similar firms. ACDC's financial health is vulnerable, which may deter investors.

How important is it?

The significant operational losses and revenue decrease directly impact investor confidence and market perception of ACDC. This poor financial performance is essential for understanding the stock's future trajectory.

Why Short Term?

Immediate market reactions to poor earnings reports typically affect stock prices quickly. Investors are likely to reassess their positions in ACDC based on this performance.

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PTENNEXFET
WILLOW PARK, Texas--(BUSINESS WIRE)--ProFrac Holding Corp. (NASDAQ: ACDC) (“ProFrac”, or the “Company”) today announced financial and operational results for its 2024 full year and fourth quarter ended December 31, 2024. Full Year 2024 Results Total revenue was $2.19 billion compared to revenue of $2.63 billion in 2023 Net loss was $208 million compared to net loss of $59 million in 2023 Adjusted EBITDA(1) was $501 million compared to $688 million in 2023; 23% of revenue in 2024 compared to 26%.

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