SDC - Earnings announcements

NASHVILLE, Tenn., Aug. 08, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced its financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights Total revenue of $102 million, a 15.0% decrease over the first quarter of 2023 and a decrease of 19.1% over the prior year period. The sequential seasonal decline improved compared to last year despite the first quarter of 2023 overperforming expectations.Net loss improvement of $12 million over the prior year period at $(54) million in the second quarter of 2023.Adjusted EBITDA improvem

NASHVILLE, Tenn., July 07, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, announced today it will report results for the second quarter 2023 on Tuesday, August 8, 2023, after close of market. David Katzman, SmileDirectClub's Chief Executive Officer and Chairman, and Troy Crawford, SmileDirectClub's Chief Financial Officer, will host a conference call to discuss these results on Wednesday, August 9, 2023, at 8 a.m. Eastern Time. SmileDirectClub Second Quarter 2023 Conference Call DetailsDate: Wednesday, August 9, 2023Time: 8 a.m. Eastern Time (7 a.m. Central Time)Dial-In: 1-877

NASHVILLE, Tenn., May 09, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced its financial results for the first quarter ended March 31, 2023. Revenue for the first quarter of 2023 increased 38.4% compared to the fourth quarter of 2022 with gross profit up 64.6% for the same period. For the first quarter 2023, disciplined cost management allowed the Company to deliver a $7 million improvement in Net Loss and an $8 million improvement in Adjusted EBITDA compared to the first quarter of 2022 despite a decline in revenue year-over-year. Net Cash used in operating activit

NASHVILLE, Tenn., April 06, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, announced today it will report results for the first quarter 2023 on Tuesday, May 9, 2023, after close of market. David Katzman, SmileDirectClub's Chief Executive Officer and Chairman, and Troy Crawford, SmileDirectClub's Chief Financial Officer, will host a conference call to discuss these results on Wednesday, May 10, 2023, at 8 a.m. Eastern Time. SmileDirectClub First Quarter 2023 Conference Call Details Date: Wednesday, May 10, 2023Time: 8 a.m. Eastern Time (7 a.m. Central Time) Dial-In: 1-877-407-9

NASHVILLE, Tenn., Feb. 28, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced its financial results for the fourth quarter and year ended December 31, 2022. For the full year 2022, our disciplined cost management allowed us to deliver a $58 million improvement in Net Loss and comparable Adjusted EBITDA even though we saw a decline in full year revenue, and despite a $17 million increase in Net Cash used in operating activities, we were able to deliver a $38 million improvement in free cash flow over 2021. The leverage that we have built in our operating model reflects a

NASHVILLE, Tenn., Jan. 30, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, announced today it will report results for the fourth quarter and year end 2022 on Tuesday, February 28, 2023, after close of market. David Katzman, SmileDirectClub's Chief Executive Officer and Chairman, and Troy Crawford, SmileDirectClub's Chief Financial Officer, will host a conference call to discuss these results on Wednesday, March 1, 2023, at 8 a.m. Eastern Time. SmileDirectClub Fourth Quarter and Year End 2022 Conference Call Details Date: Wednesday, March 1, 2023Time: 8 a.m. Eastern Time (7 a.m. Cen

Disciplined Cost Management Drove Improving Cash FlowRaises Midpoint of 2022 Revenue and Adjusted EBITDA Guidance NASHVILLE, Tenn., Nov. 07, 2022 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced its financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial Highlights Total revenue of $107 million, a 15.1% decrease over the second quarter of 2022 and a decrease of 22.5% over the prior year period.Net loss of $(70) million, an increased loss of $4 million over the second quarter of 2022 and an improvement of $20 million over the prior y

NASHVILLE, Tenn., Oct. 11, 2022 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, announced today it will report results for the third quarter 2022 on Monday, November 7, 2022 after close of market. David Katzman, SmileDirectClub's Chief Executive Officer and Chairman, and Troy Crawford, SmileDirectClub's Chief Financial Officer, will host a conference call to discuss these results on Tuesday, November 8, 2022, at 8 a.m. Eastern Time. SmileDirectClub Third Quarter 2022 Conference Call Details Date: Tuesday, November 8, 2022Time: 8 a.m. Eastern Time (7 a.m. Central Time) Dial-In: 1-877-407

Adjusted EBITDA And CapEx Improvements Drove Improving Cash Flow NASHVILLE, Tenn., Aug. 08, 2022 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced its financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Financial Highlights Total revenue of $126 million, a 17.0% decrease over the first quarter of 2022 and a decrease of 27.8% over the prior year period.Net loss of $(65) million, an improvement of $8 million over the first quarter of 2022 and decrease of $10 million over the prior year period.Adjusted EBITDA of $(23) million, an $1

NASHVILLE, Tenn., July 06, 2022 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, announced today it will report results for the second quarter 2022 on Monday, August 8, 2022 after close of market. David Katzman, SmileDirectClub's Chief Executive Officer and Chairman, and Troy Crawford, SmileDirectClub's Chief Financial Officer, will host a conference call to discuss these results on Tuesday, August 9, 2022, at 8 a.m. Eastern Time. SmileDirectClub Second Quarter 2022 Conference Call Details Date: Tuesday, August 9, 2022Time: 8 a.m. Eastern Time (7 a.m. Central Time) Dial-In: 1-877-407-920

NASHVILLE, Tenn., May 09, 2022 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced its financial results for the first quarter ended March 31, 2022. Revenue for the first quarter of 2022 increased 20.1% compared to the fourth quarter of 2021 with gross profit up 32.5% for the same period. First Quarter 2022 Financial Highlights Total revenue of $152 million, a 20.1% increase over the fourth quarter of 2021 and a decrease of 24.0% over the prior year period.Net loss of $(73) million, an improvement of $22 million over both the fourth quarter of 2021 and the prior year period

NASHVILLE, Tenn., April 07, 2022 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, announced today it will report results for the first quarter 2022 on Monday, May 9, 2022 after close of market. David Katzman, SmileDirectClub's Chief Executive Officer and Chairman, and Troy Crawford, interim Chief Financial Officer, will host a conference call to discuss these results on Tuesday, May 10, 2022, at 8 a.m. Eastern Time. SmileDirectClub First Quarter 2022 Conference Call Details Date: Tuesday, May 10, 2022Time: 8 a.m. Eastern Time (7 a.m. Central Time) Dial-In: 1-877-407-9208 (domestic) or 1-

NASHVILLE, Tenn., Feb. 28, 2022 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced its financial results for the fourth quarter and year ended December 31, 2021. Fourth Quarter 2021 Financial Highlights Total revenue of $126 million, a decrease of 31.6% over the prior year period.Net loss of $(95) million, a decrease of $62 million over the prior year period.Adjusted EBITDA of $(62) million, a decrease of $69 million over the prior year period.Diluted EPS of $(0.25), a decrease of $0.16 over the prior year period. 2021 Financial Highlights FY 2021 total revenue of $638

NASHVILLE, Tenn., Feb. 01, 2022 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, announced today it will report results for the fourth quarter and year end 2021 on Monday, February 28, 2022 after close of market. David Katzman, SmileDirectClub's Chief Executive Officer and Chairman, and Troy Crawford, interim Chief Financial Officer, will host a conference call to discuss these results on Tuesday, March 1, 2022, at 8 a.m. Eastern Time. SmileDirectClub Fourth Quarter and Year End 2021 Conference Call Details Date: Tuesday, March 1, 2022Time: 8 a.m. Eastern Time (7 a.m. Central Time) Dial-

International footprint prioritized to markets with the greatest potential for near-term profitability Cost reductions to right size operating structure and focus investments on core growth initiatives Company affirms previously issued revenue guidance for full year 2021 NASHVILLE, Tenn., Jan. 24, 2022 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC) today announced a series of strategic actions to position the Company for improved business performance and future growth, including right-sizing its cost structure to better support core growth initiatives and allocating capital to countries with the greatest potential for near-term profitability. Following an evaluation of its busi

NASHVILLE, Tenn., Nov. 08, 2021 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced its financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial Highlights Total revenue of $138 million, a decrease of 18.3% over the prior year period.Net loss of $(89) million, a decrease of 105.6% over the prior year period.Adjusted EBITDA of $(54) million, a decrease of $57 million over the prior year period.Diluted EPS of $(0.23), a decrease of 109.1% over the prior year period. Year-to-Date Third Quarter 2021 Financial Highlights Total revenue of

NASHVILLE, Tenn., Oct. 18, 2021 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, announced today it will report results for the third quarter of 2021 on Monday, November 8, 2021 after close of market. David Katzman, SmileDirectClub's Chief Executive Officer and Chairman, and Kyle Wailes, Chief Financial Officer, will host a conference call to discuss these results at 5 p.m. Eastern Time.  SmileDirectClub Third Quarter 2021 Conference Call Details Date: Monday, November 8, 2021 Time: 5 p.m. Eastern Time (4 p.m. Central Time) Dial-In: 1-877-407-9208 (domestic) or 1-201-493-6784 (internatio

NASHVILLE, Tenn., Aug. 09, 2021 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced its financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Financial Highlights Total revenue of $174 million, an improvement of 62.7% over the prior year period.Net loss of $(55) million, an improvement of 41.6% over the prior year period.Adjusted EBITDA of $(22) million, a decrease of $2 million over the prior year period.Diluted EPS of $(0.14), a 44.0% improvement over the prior year period. Key Operating Metrics Unique aligner shipments of 90,0

NASHVILLE, Tenn., May 10, 2021 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced its financial results for the first quarter ended March 31, 2021. First Quarter 2021 Financial Highlights First quarter total revenue of $199 million, up 8% over the fourth quarter of 2020 and 1% over the prior year period.First quarter net loss of $(96) million, a decline of 11% over the prior year period, and includes the $48 million of loss associated with the retirement of the prior debt facility.First quarter Adjusted EBITDA of $5 million, an increase of $72 million over the prior year pe

NASHVILLE, Tenn., March 04, 2021 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (Nasdaq: SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced its financial results for the fourth quarter and year ended December 31, 2020. Fourth Quarter 2020 Financial Highlights Fourth quarter total revenue of $185 million, up 10% over the third quarter.Fourth quarter net loss of $(33) million, a 24% improvement over the third quarter.Fourth quarter Adjusted EBITDA of $7 million, up 137% over the third quarter.Fourth quarter diluted EPS of $(0.09), an 18% improvement over the third quarter. 2020 Financial Highlights FY 2020 total revenue of $657