{"schema_version":"secwatch.filing_event.v1","accession":"0001529628-25-000091","form_type":"8-K","ticker":"SND","cik":"0001529628","company_name":"Smart Sand, Inc.","filed_at":"2025-05-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.637309+00:00","generated_at":"2026-05-21T15:30:14.781380+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Smart Sand Q1 net loss $24.2M; revenue $65.6M, down 21% YoY","bullets":["Net loss of $24.2M ($0.62 loss per share) vs. net income $3.7M in Q4 2024 and net loss $0.2M in Q1 2024.","Revenue $65.6M, down from $83.1M YoY; tons sold 1.07M (-20% YoY) due to winter slowdown and strong Q4 2024.","Adjusted EBITDA $1.4M, down from $9.3M YoY; contribution margin $9.6M ($8.96/ton) vs. $18.5M ($13.85/ton) YoY.","Free cash flow positive at $5.2M; Q2 volumes expected to rise 10-20%; full-year guidance deferred.","Repurchased 135k shares for $0.3M in Q1; $9.7M remaining under $10M buyback program."],"urls":{"canonical":"https://secwatch.observer/filing/0001529628-25-000091","json":"https://secwatch.observer/filing/0001529628-25-000091.json","markdown":"https://secwatch.observer/filing/0001529628-25-000091.md","text":"https://secwatch.observer/filing/0001529628-25-000091.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1529628/000152962825000091/0001529628-25-000091-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1529628/000152962825000091/snd-20250513.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T15:30:14.781380+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}