Smart Sand Q1 2024: revenue $83.1M, adjusted EBITDA $9.3M, tons sold up 31% sequentially

Smart Sand, Inc.

2024-Q1 EPS reported -$0.01 revenue$83,052,000

Net loss narrowed to $0.2M ($0.01 loss per share) from $4.8M loss in Q4 2023.
Tons sold of 1.34M, up 31% sequentially and 12% YoY; revenue $83.1M vs $61.9M Q4 2023.
Contribution margin $18.5M ($13.85/ton) vs $9.2M in Q4 2023, driven by higher volumes and SmartSystems utilization.
Free cash flow negative $5.5M due to working capital; management expects positive free cash flow for full year 2024.
Full year 2024 capex guidance maintained at $15M-$20M; cash on hand $4.6M, undrawn ABL $6.0M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Smart Sand, Inc. reported first quarter ended March 31, 2024 results: revenue $83.1 million, net income net loss of $0.2 million, EPS $(0.01) per basic and diluted share.

Period: first quarter ended March 31, 2024
Revenue: $83.1 million
Net income: net loss of $0.2 million
EPS: $(0.01) 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 First Quarter 2024 Results • 1Q 2024 total tons sold of approximately 1.3 million • 1Q 2024 revenue of $83.1 million • 1Q 2024 net loss of $(0.2) million • 1Q 2024 adjusted EBITDA of $9.3 million YARDLEY, Pennsylvania, May 13, 2024 – Smart Sand, Inc. (NASDAQ: SND) (the “Company” or “Smart

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Source: SEC EDGAR

accession 0001529628-24-000111

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