Smart Sand, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022
February 01, 2023 at 02:35 am IST
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Smart Sand, Inc. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was USD 5.01 million compared to USD 4.42 million a year ago. Revenue was USD 255.74 million compared to USD 126.65 million a year ago.
Net loss was USD 0.703 million compared to USD 50.67 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 1.21 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to USD 1.21 a year ago.
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 Companyâs SmartPath transloader is a mobile sand transloading system.
SMART SAND, INC. 
