---
schema_version: "secwatch.filing_event.v1"
accession: "0001529628-24-000111"
form_type: "8-K"
ticker: "SND"
cik: "0001529628"
company_name: "Smart Sand, Inc."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T02:16:06.526919+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001529628-24-000111
- form_type: 8-K
- ticker: SND
- cik: 0001529628
- company_name: Smart Sand, Inc.
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529628/000152962824000111/0001529628-24-000111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529628/000152962824000111/snd-20240513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001529628-24-000111
- JSON: https://secwatch.observer/filing/0001529628-24-000111.json
- Plain text: https://secwatch.observer/filing/0001529628-24-000111.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529628/000152962824000111/0001529628-24-000111-index.htm

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