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

Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0001529628-25-000091
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smart Sand Q1 net loss $24.2M; revenue $65.6M, down 21% YoY
-----------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962825000091/0001529628-25-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962825000091/snd-20250513.htm
  HTML page:      https://secwatch.observer/filing/0001529628-25-000091

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