---
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"
generated_at: "2026-06-15T08:59:15.869512+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001529628-23-000056
- JSON: https://secwatch.observer/filing/0001529628-23-000056.json
- Plain text: https://secwatch.observer/filing/0001529628-23-000056.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1529628/000152962823000056/0001529628-23-000056-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.