Smart Sand Q2 2022 revenue $68.7M; record tons sold 1.2M

Smart Sand, Inc.

2022-Q2 EPS reported -$0.14 revenue$110,319,000

Revenue of $68.7M vs $29.6M Q2 2021; net loss narrowed to $0.1M from $27.3M.
Tons sold 1,196,000 (record), up 56% YoY; gross profit $9.0M vs $(2.4M) Q2 2021.
Adjusted EBITDA $9.2M vs $(21.5M) Q2 2021; contribution margin $12.75/ton.
Cash $2.1M, undrawn ABL $16.0M; FY2022 capex guidance $20-25M.

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