Stryve Foods Reports FY ’24 Net Sales Growth and Improved EBITDA Loss
Stryve Foods, Inc. (OTC: SNAX), a pioneer in high-protein, better-for-you snacking, recently disclosed unaudited preliminary financial data for the fiscal year ended December 31, 2024. The Company announced a significant increase in net sales and a notable improvement in Adjusted EBITDA loss.
Financial Highlights
Net Sales: The Company reported a net sales figure of $21.0 million for the full year 2024, representing an impressive 18.5% year-over-year growth. This growth can be attributed to the increasing demand for healthier snacking options and Stryve’s successful marketing strategies.
EBITDA Loss:
Adjusted EBITDA Loss: The adjusted EBITDA loss improved by 32.4% versus the prior year. This improvement signifies the Company’s ongoing efforts to reduce costs and increase operational efficiency.
Balance Sheet Transformation
Stryve Foods also announced that a significant balance sheet transformation is underway in 2025. However, no further details were provided regarding this transformation.
Impact on Consumers
For consumers, this financial growth and improvement could mean continued availability and accessibility of Stryve’s high-protein, better-for-you snacking options. The Company’s success could also lead to new product innovations and expanded offerings.
Impact on the World
On a larger scale, Stryve Foods’ financial success and commitment to providing healthier snacking options contribute to the growing trend of better-for-you food choices. This could lead to a shift in the snacking industry as a whole, with more companies focusing on healthier options and reducing the reliance on traditional, high-calorie, low-nutrient snacks.
Conclusion
Stryve Foods’ financial performance for the fiscal year ended December 31, 2024, showcases the Company’s continued growth and commitment to providing high-protein, better-for-you snacking options. The significant increase in net sales and improved adjusted EBITDA loss, along with the upcoming balance sheet transformation, position Stryve for continued success in the snacking industry. The impact on consumers and the world could mean continued availability and accessibility of healthier snacking options, as well as a potential shift in the snacking industry towards better-for-you offerings.
- Net sales grew 18.5% year-over-year to $21.0 million
- Adjusted EBITDA loss improved by 32.4%
- Balance sheet transformation underway in 2025
- Continued availability and accessibility of healthier snacking options
- Potential shift in the snacking industry towards better-for-you offerings
