secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001529628-23-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smart Sand Q4 2022 revenue $73.8M, net income $2.6M; full year revenue up 102% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962823000014/0001529628-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962823000014/snd-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001529628-23-000014

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