Smart Sand reports Q4 net loss of $4.8M, full year net income of $4.6M

Smart Sand, Inc.

Q4 2023 revenue $61.9M, down 16% YoY; tons sold 1,016,000, down 14% YoY and 17% sequentially.
Full year 2023 revenue $296.0M, up 16% YoY; record tons sold 4,514,000, up 4% YoY.
Q4 Adjusted EBITDA $1.0M vs $10.7M in Q4 2022; full year Adjusted EBITDA $34.1M vs $29.3M.
Cash on hand $6.1M, $12M undrawn on credit facility; free cash flow negative $9.6M in Q4, positive $8.0M for full year.
CEO states market activity improving in early 2024, with volumes trending back to Q3 2023 levels.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Smart Sand, Inc. reported the full year ended December 31, 2023 results: revenue $296.0 million, net income $4.6 million, EPS $0.12 per basic and diluted share.

Period: the full year ended December 31, 2023
Revenue: $296.0 million
Net income: $4.6 million
EPS: $0.12 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 Fourth Quarter 2023 and Full Year 2023 Results • 4Q 2023 and full year 2023 revenue of $61.9 million and $296.0 million, respectively. • 4Q 2023 and full year 2023 total tons sold of approximately 1,016,000 and 4,514,000, respectively. • 4Q 2023 and full year 2023 net cash (used) provided by

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Smart Sand, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $61.9 million, net income net loss of $(4.8) million, EPS $(0.12) per basic and diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $61.9 million
Net income: net loss of $(4.8) million
EPS: $(0.12) per basic and diluted share
Result: reported results

Exact text from the filing

specific reference in such filing. --- EX-99.1 (EX-99.1) --- Smart Sand, Inc. Announces Fourth Quarter 2023 and Full Year 2023 Results • 4Q 2023 and full year 2023 revenue of $61.9 million and $296.0 million, respectively. • 4Q 2023 and full year 2023 total tons sold of approximately 1,016,000 and 4,514,000, respectively. • 4Q 2023 and full year 2023 net cash

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Smart Sand, Inc. filing history →

Source: SEC EDGAR

accession 0001529628-24-000061

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