earnings
confidence high
sentiment negative
materiality 0.75
Smart Sand reports FY2021 revenue $126.6M, net loss $50.7M; acquires Hi-Crush Blair facility for $6.5M
Smart Sand, Inc.
- FY2021 revenue $126.6M, net loss $50.7M ($1.21 loss per share); tons sold 3.19M, up 69% YoY.
- Q4 2021 revenue $35.1M, net loss $12.2M, tons sold 872K; adjusted EBITDA -$4.5M.
- Acquired Hi-Crush Blair mine in Wisconsin for $6.5M cash; 2.8M ton annual capacity, on CN rail, currently idle.
- Free cash flow FY2021 $21.2M; cash $25.6M, undrawn ABL capacity $14.9M.