earnings
confidence high
sentiment negative
materiality 0.60
Smart Sand Q3 2021 revenue $34.5M, net loss $7.3M; sand volumes up 156% YoY
Smart Sand, Inc.
2021-Q3 EPS reported
-$0.92
revenue$91,568,000
- Net loss of $7.3M ($0.17 per share); revenue up 17% sequentially to $34.5M vs $29.6M in Q2 2021.
- Tons sold 790,000, up 3% QoQ and 156% YoY; contribution margin $4.1M ($5.19/ton).
- Adjusted EBITDA negative $1.0M vs negative $21.5M in Q2 2021 (which included $19.6M bad debt).
- Cash $36.7M at Sept 30; ABL facility undrawn with $16.5M availability; FY 2021 capex guided $14-16M.
- New Waynesburg, PA terminal for Appalachian Basin expected to expand Northern White Sand market share.