secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001529628-24-000111
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962824000111/0001529628-24-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962824000111/snd-20240513.htm
  HTML page:      https://secwatch.observer/filing/0001529628-24-000111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer