{"schema_version":"secwatch.filing_event.v1","accession":"0001529628-23-000056","form_type":"8-K","ticker":"SND","cik":"0001529628","company_name":"Smart Sand, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.273896+00:00","generated_at":"2026-06-15T08:59:15.869512+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Smart Sand Q1 revenue $82.4M, net loss narrows to $3.6M; Blair facility to launch Q2","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001529628-23-000056","json":"https://secwatch.observer/filing/0001529628-23-000056.json","markdown":"https://secwatch.observer/filing/0001529628-23-000056.md","text":"https://secwatch.observer/filing/0001529628-23-000056.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1529628/000152962823000056/0001529628-23-000056-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1529628/000152962823000056/snd-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T08:59:15.869512+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":"7b4ff0b3486139ac0ca62b933be9a39648e5fc6a","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1529628/000152962823000056/0001529628-23-000056-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$82.4 million"},{"label":"Net income","value":"$(3.6) million"},{"label":"EPS","value":"$(0.09) 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"}