Smart sand, inc. (SND)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Sep'15
Revenues

47,488

47,667

65,690

67,941

51,775

52,248

63,146

54,448

42,628

43,037

39,329

29,787

25,059

29,451

10,927

8,494

10,359

9,025

Cost of goods sold

41,089

29,793

38,555

43,068

40,605

-

40,595

34,678

-

-

-

-

-

-

-

-

-

-

Cost of goods sold

-

-

-

-

-

-

-

-

35,413

-

26,297

21,407

19,662

8,769

5,931

6,532

5,337

4,865

Gross profit

6,399

17,874

27,135

24,873

11,170

18,031

22,551

19,770

7,215

10,099

13,032

8,380

5,397

20,682

4,996

1,962

5,022

4,160

Operating expenses:
Salaries, benefits and payroll taxes

2,902

3,094

2,958

2,798

2,710

2,448

3,232

2,790

2,573

2,517

1,838

2,167

1,697

3,774

1,316

1,111

1,184

1,164

Depreciation and amortization

453

457

623

655

676

678

501

476

188

149

148

120

108

101

102

52

129

107

Selling, general and administrative

3,530

3,045

2,693

2,790

2,800

2,617

3,512

3,595

3,101

2,867

2,275

2,283

2,034

1,532

1,044

1,051

875

1,044

Change in the estimated fair value of contingent consideration

-1,020

-515

-1,215

-575

-967

242

-2,100

0

0

-

0

-

-

-

-

-

-

-

Impairment of intangible asset

-

-

7,628

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

5,865

13,995

12,687

5,668

5,219

23,820

5,145

6,861

5,862

5,533

4,261

4,570

3,839

5,407

2,462

2,214

2,188

2,315

Operating income

534

3,879

14,448

19,205

5,951

-5,789

17,406

12,909

1,353

4,566

8,771

3,810

1,558

15,275

2,534

-252

2,834

1,845

Other income (expenses):
Preferred stock interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

629

1,813

1,623

1,500

1,256

Interest expense, net

-472

-678

-968

-994

-981

-828

-758

-500

-180

-110

-114

-115

-111

-

-845

-876

-

-

Other interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

795

575

Other income

19

42

15

37

37

48

90

25

34

266

76

83

37

8,638

33

109

80

18

Total other income (expenses), net

-453

-1,197

-953

-957

-944

-780

-668

-475

-146

156

-38

-32

-74

7,663

-2,625

-2,390

-2,215

-1,813

Income before income tax expense

81

2,682

13,495

18,248

5,007

-6,569

16,738

12,434

1,207

4,722

8,733

3,778

1,484

21,887

-91

-2,642

619

32

Income tax expense

165

294

2,569

3,972

974

-2,136

4,613

2,413

232

-6,164

1,686

1,154

515

9,446

5

-294

237

-1,764

Net (loss) income

-84

2,388

10,926

14,276

4,033

-4,433

12,125

10,021

975

10,886

7,047

2,624

969

12,441

-96

-2,348

382

1,796

Net (loss) income per common share:
Basic (in dollars per share)

0.00

0.06

0.27

0.36

0.10

-0.11

0.30

0.25

0.02

0.28

0.17

0.07

0.02

0.52

0.00

-0.11

0.02

0.08

Diluted (in dollars per share)

0.00

0.05

0.27

0.36

0.10

-0.11

0.30

0.25

0.02

0.28

0.17

0.06

0.02

0.52

0.00

-0.11

0.01

0.07

Weighted-average number of common shares:
Basic (in shares)

40,091

40,236

40,233

40,074

39,997

40,256

40,541

40,499

40,412

40,404

40,384

40,347

39,697

30,819

22,189

22,145

22,135

22,112

Diluted (in shares)

40,091

40,938

40,240

40,173

39,997

40,254

40,551

40,550

40,441

40,473

40,416

40,453

39,874

27,572

22,189

22,145

26,410

26,387