secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0001529628-22-000027
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smart Sand reports FY2021 revenue $126.6M, net loss $50.7M; acquires Hi-Crush Blair facility for $6.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962822000027/0001529628-22-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962822000027/snd-20220308.htm
  HTML page:      https://secwatch.observer/filing/0001529628-22-000027

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