Smart Sand Q1 revenue $82.4M, net loss narrows to $3.6M; Blair facility to launch Q2

Smart Sand, Inc.

2023-Q1 EPS reported -$0.09 revenue$82,350,000

Tons sold ~1.2M, up 40% YoY; revenue $82.4M (+98% YoY).
Net loss $(3.6)M ($0.09/share) vs $(5.9)M loss in Q1 2022; adj. EBITDA $8.4M vs $(1.9)M.
Free cash flow $1.1M; FY 2023 capex guide $20-25M including Blair startup.
Blair facility in Canada expected online Q2, adding direct access to Canadian National rail.
Liquidity: cash $7.6M, $12M undrawn ABL, $7M borrowings outstanding.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Smart Sand, Inc. reported first quarter ended March 31, 2023 results: revenue $82.4 million, net income $(3.6) million, EPS $(0.09) per basic and diluted share.

Period: first quarter ended March 31, 2023
Revenue: $82.4 million
Net income: $(3.6) million
EPS: $(0.09) per basic and diluted share
Result: reported results

Exact text from the filing

in such filing. --- EX-99.1 (EX-99.1) --- Smart Sand, Inc. Announces First Quarter 2023 Results • 1Q 2023 total tons sold of approximately 1.2 million • 1Q 2023 revenue of $82.4 million • 1Q 2023 net loss of $(3.6) million • 1Q 2023 Adjusted EBITDA of $8.4 million • 1Q 2023 net cash provided by operating activities of $5.1 million • 1Q 2023 free cash flow of

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Source: SEC EDGAR

accession 0001529628-23-000056

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