earnings
confidence high
sentiment negative
materiality 0.75
Smart Sand posts FY 2021 net loss $50.7M, revenue $126.6M; acquires Hi-Crush Blair mine for $6.5M
Smart Sand, Inc.
- FY 2021 net loss $50.7M ($1.21/sh) vs net income $38.0M ($0.94/sh) in 2020; revenue $126.6M (+4% YoY).
- Q4 2021 net loss $12.2M ($0.29/sh) on revenue $35.1M; tons sold 872,000 (+42% vs Q4 2020).
- Adjusted EBITDA FY 2021 $(30.5)M vs $20.5M in 2020; Q4 2021 $(4.5)M.
- Acquired Hi-Crush Blair facility for ~$6.5M cash; 2.8M tons/yr annual capacity, unit train on CN Rail.
- Cash $25.6M at Dec 31, 2021; $14.9M undrawn on ABL credit facility.