secwatch.observer — SEC 8-K summary
======================================

Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001529628-24-000180
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smart Sand Q3 2024 net loss $5.2M; revenue $63.2M, down 18% YoY
---------------------------------------------------------------

- Net loss before income tax $5.2M vs net income $4.8M in Q3 2023; adjusted EBITDA $5.7M, down from $13.2M.
- Revenue $63.2M, down 18% from $76.9M YoY; tons sold ~1.19M, down 2% from Q3 2023.
- Paid $0.10/share special dividend Oct 28; board authorized $10M share buyback over 18 months.
- New five-year $30M ABL credit facility with First Citizens Bank, undrawn at Sep 30.
- Free cash flow positive $3.7M; FY 2024 capex guidance $8M-$10M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962824000180/0001529628-24-000180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962824000180/snd-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001529628-24-000180

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