{"schema_version":"secwatch.filing_event.v1","accession":"0001529628-23-000014","form_type":"8-K","ticker":"SND","cik":"0001529628","company_name":"Smart Sand, Inc.","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.408281+00:00","generated_at":"2026-06-18T21:59:16.670729+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Smart Sand Q4 2022 revenue $73.8M, net income $2.6M; full year revenue up 102% YoY","bullets":["Q4 2022 revenue $73.8M vs $35.1M in Q4 2021 (+110%); net income $2.6M ($0.06/share) vs net loss $12.2M a year ago.","Full year 2022 revenue $255.7M vs $126.6M in 2021 (+102%); net loss narrowed to $0.7M vs $50.7M in 2021.","Q4 2022 tons sold 1.175M (+35% YoY); full year 4.333M (+36%). Contribution margin $14.77/ton (Q4) and $12.61/ton (FY).","Adjusted EBITDA $10.7M (Q4) and $29.3M (FY); free cash flow $2.4M (Q4) and negative $13.9M (FY) after capex and Blair mine acquisition.","Blair, WI mine and processing plant expected online in Q2 2023, targeting Canadian market."],"urls":{"canonical":"https://secwatch.observer/filing/0001529628-23-000014","json":"https://secwatch.observer/filing/0001529628-23-000014.json","markdown":"https://secwatch.observer/filing/0001529628-23-000014.md","text":"https://secwatch.observer/filing/0001529628-23-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1529628/000152962823000014/0001529628-23-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1529628/000152962823000014/snd-20230228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T21:59:16.670729+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5172b5876be17b0cdf4beb01924e5260f8059970","claim":"Smart Sand, Inc. reported Full Year 2022 results: revenue $255.7 million, net income $(0.7) million, EPS $(0.02) per basic and diluted share.","evidence_excerpt":"Full Year 2022 Highlights Revenues were $255.7 million for the full year 2022, compared to $126.6 million for the full year of 2021, an increase of 102% year-over-year. The increase in revenues over 2021 results was due to higher sales volumes and higher pricing in 2022. Sand sales revenue in 2022 was $243.2 million compared to $117.4 million in 2021, an increase of 107% year-over-year, as a result of increased sand sales volumes and higher prices primarily driven by increased market activity in the operating basins the Company serves. Total tons sold were 4,333,000 for the full year 2022, compared to full year 2021 total tons sold of 3,189,000, an increase of 36% year-over-year. Sales volumes improved early in 2022 and remained strong throughout the year. Net loss was $(0.7) million, or $(0.02) per basic and diluted share, for the full year 2022, compared with net loss of $(50.7) million, or $(1.21) per basic and diluted share, for the full year 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1529628/000152962823000014/0001529628-23-000014-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2022"},{"label":"Revenue","value":"$255.7 million"},{"label":"Net income","value":"$(0.7) million"},{"label":"EPS","value":"$(0.02) per basic and diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ad2686152c5d86c41c7ffd330f458e0acf719bc6","claim":"Smart Sand, Inc. reported Fourth Quarter 2022 results: revenue $73.8 million, net income $2.6 million, EPS $0.06 per basic and diluted share.","evidence_excerpt":"Fourth Quarter 2022 Highlights Revenues were $73.8 million in the fourth quarter of 2022, compared to third quarter of 2022 revenues of $71.6 million. Fourth quarter 2022 revenues increased by 110% compared to fourth quarter 2021 revenues of $35.1 million. The Company had lower shortfall revenues in the fourth quarter of 2022, compared to the third quarter of 2022, but this was offset by higher sand sales revenue in the fourth quarter of 2022. The increase in revenue in the fourth quarter of 2022, compared to the fourth quarter of 2021, was primarily due to higher volumes sold at higher average selling prices. Overall tons sold were 1,175,000 for the fourth quarter, a 6% increase over 1,110,000 tons for the third quarter of 2022. Tons sold in the fourth quarter of 2022 increased by 35% compared to tons sold in the fourth quarter of 2021 of 872,000. Sales volumes were substantially higher in the fourth quarter 2022, compared to the fourth quarter 2021, due primarily to increased oil and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1529628/000152962823000014/0001529628-23-000014-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth Quarter 2022"},{"label":"Revenue","value":"$73.8 million"},{"label":"Net income","value":"$2.6 million"},{"label":"EPS","value":"$0.06 per basic and diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}