secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001529628-21-000182
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smart Sand Q2 revenue $29.6M; settles litigation for $35M cash; signs new EQT supply deal
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- Revenue $29.6M vs $26.1M YoY; tons sold 767k (up 269% YoY).
- Net loss $(27.3)M ($0.65/share) due to $19.6M non-cash bad debt from U.S. Well settlement.
- Received $35M cash from U.S. Well settlement; operating cash flow $32.6M, free cash flow $29.7M.
- Entered multi-year take-or-pay supply agreement with EQT, replacing terminated prior agreements.
- FY 2021 capex guidance $10M-$12M; cash on hand $39.3M at June 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962821000182/0001529628-21-000182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962821000182/snd-20210802.htm
  HTML page:      https://secwatch.observer/filing/0001529628-21-000182

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer