secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001529628-23-000056
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962823000056/0001529628-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962823000056/snd-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001529628-23-000056

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