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Smiledirectclub Inc   (SDC)
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Price: $0.0750 $-0.09 -53.445%
Day's High: $0.1248 Week Perf: -82.27 %
Day's Low: $ 0.07 30 Day Perf: -84.75 %
Volume (M): 65,739 52 Wk High: $ 1.09
Volume (M$): $ 4,930 52 Wk Avg: $0.48
Open: $0.12 52 Wk Low: $0.07



 Market Capitalization (Millions $) 30
 Shares Outstanding (Millions) 401
 Employees 5,000
 Revenues (TTM) (Millions $) 414
 Net Income (TTM) (Millions $) -259
 Cash Flow (TTM) (Millions $) -100
 Capital Exp. (TTM) (Millions $) 37

Smiledirectclub Inc
SmileDirectClub Inc. is a Nashville, Tennessee-based company that provides dental alignment services. The company was founded in 2014 by Alex Fenkell and Jordan Katzman with a goal of making orthodontic treatment more affordable and accessible for consumers.

SmileDirectClub provides clear plastic aligners designed to straighten teeth over a period of several months. The aligners are custom-made for each customer based on a 3D scan of their teeth. Customers can either purchase an at-home impression kit or visit one of the company's SmileShops for a free scan. SmileDirectClub's licensed dental professionals review and approve each treatment plan, and customers receive a series of aligners to wear for 22 hours a day.

The company's business model is largely online, with customers signing up for treatment plans and receiving their aligners through the mail. SmileDirectClub also has a network of SmileShops where customers can receive in-person treatment and support. The company operates in the United States, Canada, Australia, and several European countries.

SmileDirectClub has faced controversy and legal challenges from the dental industry, as many dentists and orthodontists believe that the company's model falls outside of the boundaries of safe and effective orthodontic treatment. Some states in the U.S. have attempted to limit the company's operations through legislation or regulatory action. SmileDirectClub maintains that their aligners are safe and effective, and that their licensed dental professionals provide adequate oversight for each customer.

In September 2019, SmileDirectClub went public in an initial public offering (IPO) on the NASDAQ stock exchange. The IPO was met with mixed reactions, and the company's share price has fluctuated since its debut. SmileDirectClub also faces competition from other direct-to-consumer orthodontic companies, as well as traditional brick-and-mortar dental practices. Despite these challenges, the company remains a major player in the broader trend toward telemedicine and direct-to-consumer healthcare.


   Company Address: 414 Union Street Nashville, 37219 TN
   Company Phone Number: 342-0462   Stock Exchange / Ticker: NASDAQ SDC
   


   

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Smiledirectclub Inc

SmileDirectClub Inc Rebounds Strongly with Reduced Losses and Improved Earnings

SmileDirectClub Inc, the teledentistry company, managed to reduce its losses and improve its earnings per share in the financial timeframe closing June 30, 2023. Despite a significant decrease in revenue of 19.78% to $100.91 million compared to $125.80 million in the same quarter a year ago, the company was able to lower its loss per share from $-0.17 to $-0.13.
This improvement in financial performance is noteworthy, especially when compared to the overall Medical Equipment & Supplies industry. While SmileDirectClub saw a decline in revenue, the industry as a whole experienced a 4.18% increase in revenue in the second quarter of 2023, relative to the corresponding period a year ago. This indicates that SmileDirectClub may have faced some unique challenges or inefficiencies compared to its industry peers.

Smiledirectclub Inc

Smiledirectclub Inc Plunges as Demand Declines, Resulting in Increased Losses in Q1 2023

Smiledirectclub Inc, an American telemedicine company that provides clear aligner therapy, has announced declining demand which has led to an increase in loss for their most recent report. The company's loss per share rose to $-0.16 from $-0.19 for the Mar 31 2023 report. The company's revenue has gone down by -21.015% to $119.78 million from $151.65 million a year ago. This decline in revenue indicates the challenges that the company is facing due to the declining demand for clear aligner therapy.
In contrast to the previous quarter, the company has seen a surge in revenue by 38.421% from $86.53 million, but unfortunately, the loss per share increased from $-0.06 per share which is a matter of concern. For the period January to March 31, 2023, Smiledirectclub Inc reported a net loss of $-65.727 million, instead of a deficit of $-73.204 million in the same reporting period a year ago. This improvement in losses is a positive sign for the company, and it shows that the company has taken measures to address the challenges it faced last year. However, the loss per share has not decreased, which is a matter of concern for investors.






 

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