secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001529628-24-000061
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962824000061/0001529628-24-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962824000061/snd-20240311.htm
  HTML page:      https://secwatch.observer/filing/0001529628-24-000061

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