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Smart Sand Inc (OQ:SND)

Business Focus: Construction Material Processing

Sector:  Basic Materials Industry:  Construction Materials
 
See Regulatory Filings on SEC
Company Contact
Address: 1000 Floral Vale Boulevard, Suite 225
YARDLEY PA 19067
Tel: N/A
Website: https://www.smartsand.com
IR: See website
Key People
Andrew R. Speaker
Co-Chairman of the Board
Richard J. Shearer
President - Industrial Products
Charles Edwin Young
Chief Executive Officer, Director
Lee E. Beckelman
Chief Financial Officer
William John Young
Chief Operating Officer
James D. Young
Executive Vice President, General Counsel, Secretary
Ronald P. Whelan
Executive Vice President of Sales
Robert Kiszka
Executive Vice President - Operations
Christopher Green
Principal Accounting Officer, Vice President - Accounting
Business Overview
Smart Sand, Inc. is a fully integrated frac and industrial sand supply and services company. The Company offers complete mine to wellsite proppant supply and logistics solutions to its frac sand customers. The Company produces Northern White sand, which is a sand used as proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells and for a variety of industrial applications. It also offers proppant logistics solutions to its customers through its in-basin transloading terminals and its SmartSystems well-site proppant storage capabilities. Through its SmartSystems wellsite proppant storage solutions, it offers the SmartDepot and SmartDepotXL silo systems, SmartPath transloader, and its rapid deployment trailers. Its SmartDepot silos include passive and active dust suppression technology, along with the capability of a gravity-fed operation. The Company's SmartPath transloader is a mobile sand transloading system.
Financial Overview
For the three months ended 31 March 2024, Smart Sand Inc revenues increased 1% to $83.1M. Net loss decreased 94% to $216K. Revenues reflect Sand sales revenue segment increase of 2% to $79.7M. Lower net loss reflects Net loss on disposal of fixed assets decrease of 100% to $3K (expense), Other income increase of 100% to $96K (income). Basic Earnings per Share excluding Extraordinary Items increased from -$0.09 to -$0.01.