---
schema_version: "secwatch.filing_event.v1"
accession: "0001529628-24-000061"
form_type: "8-K"
ticker: "SND"
cik: "0001529628"
company_name: "Smart Sand, Inc."
filed_at: "2024-03-11T23:59:59+00:00"
generated_at: "2026-06-04T23:47:26.631718+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001529628-24-000061
- form_type: 8-K
- ticker: SND
- cik: 0001529628
- company_name: Smart Sand, Inc.
- filed_at: 2024-03-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1529628/000152962824000061/0001529628-24-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529628/000152962824000061/snd-20240311.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001529628-24-000061
- JSON: https://secwatch.observer/filing/0001529628-24-000061.json
- Plain text: https://secwatch.observer/filing/0001529628-24-000061.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529628/000152962824000061/0001529628-24-000061-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529628/000152962824000061/0001529628-24-000061-index.htm

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