Smart Sand, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 10, 2022 at 01:38 am IST
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Smart Sand, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 68.71 million compared to USD 29.64 million a year ago. Net loss was USD 0.09 million compared to USD 27.27 million a year ago.
For the six months, sales was USD 1.92 million compared to USD 1.74 million a year ago. Revenue was USD 110.32 million compared to USD 57.09 million a year ago. Net loss was USD 6.01 million compared to USD 31.18 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to USD 0.75 a year ago. Diluted loss per share from continuing operations was USD 0.14 compared to USD 0.75 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. 
