SmileDirectClub, Inc. operates as an oral care company. It offers clear aligner therapy treatment. The company manages the end-to-end process, which include marketing, aligner manufacturing, fulfillment, treatment by a doctor, and monitoring through completion of their treatment with a network of approximately 250 state licensed orthodontists and general dentists through its teledentistry platform, SmileCheck in the United States, Puerto Rico, Canada, Australia, the United Kingdom, New Zealand, Ireland, Hong Kong, Germany, Singapore, Spain, and Austria. It offers aligners, impression and whitening kits, whitening gels, and retainers; and toothbrushes, toothpastes, water flossers, SmileSpa, and various ancillary oral care products. The company was founded in 2014 and is headquartered in Nashville, Tennessee.
IPO Year: 2019
Exchange: NASDAQ
Website: smiledirectclub.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/30/2022 | $2.00 | Hold → Sell | Loop Capital |
| 3/2/2022 | $2.29 → $2.20 | Equal-Weight | Morgan Stanley |
| 3/2/2022 | $5.00 → $3.00 | Equal-Weight | Stephens & Co. |
| 1/31/2022 | $2.29 | Equal-Weight | Morgan Stanley |
| 1/25/2022 | Sell → Hold | Craig Hallum | |
| 1/7/2022 | $11.00 → $4.00 | Outperform | Credit Suisse |
| 11/9/2021 | $6.00 → $5.00 | Hold | Stifel |
| 11/9/2021 | $4.00 → $2.00 | Sell | Goldman |
| 11/9/2021 | $6.00 → $4.00 | Hold | Loop Capital |
| 11/9/2021 | $6.00 → $5.00 | Underperform | BofA Securities |
NASHVILLE, Tenn., Sept. 29, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care Company with the first medtech platform for teeth straightening, today announced a process to implement a comprehensive recapitalization transaction. The additional capital and stronger financial position from this recapitalization is intended to bolster the Company's balance sheet and fuel growth initiatives to allow SmileDirectClub to thrive as an international oral care leader for many years to come. SmileDirectClub will seek to recapitalize through a transaction where the Company's founders have committed to invest at least $20 million to bolster the Company's balance
NASHVILLE, Tenn., Aug. 24, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub (NASDAQ:SDC), the oral care leader and creator of the first med tech platform for teeth straightening, announced its intention to appeal a decision regarding an award of $63 million to be paid to Align Technology following a dispute over the Company's exclusive supply agreement with its former strategic partner. "SmileDirectClub is disappointed with the California trial court's recent rulings denying our Petition to Vacate and granting the Petition to Confirm the Final Award in an arbitration Align brought against SmileDirectClub for alleged breaches of a Supply Agreement between the parties that expired in 2019," said Su
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
New SmileShops opened inside Thérapie Clinic UK and Ireland with plans to expand to further locations in 2023 UK retail expansion follows SmileDirectClub's strong financial first quarter and SmileShop expansion across the US NASHVILLE, Tenn., July 26, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next-generation oral care company with the first medtech platform for teeth straightening, announced today the opening of eight new SmileShops in the UK and Ireland, with plans to further expand SmileDirectClub's presence across the UK, Ireland, and the U.S. by the end of 2023. Six of the new locations are part of an exclusive partnership with Thérapie Clinic, a renowned aesth
NASHVILLE, Tenn., July 24, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced its premium aligner offering, CarePlus, will be available at all U.S. SmileShop and select Partner Network locations beginning in August, giving consumers even more choices on how to begin and navigate their Smile Journey. Customers will now have the option to select SmileDirectClub's original telehealth-powered Care aligners or choose the premium CarePlus option, which includes access to a local dentist or orthodontist for in-person check-ins, a dedicated 24/7 Concierge customer care team, exp
NASHVILLE, Tenn., July 11, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the med tech oral care company with the first telehealth platform for teeth straightening, today announced the opening of 18 new locations of its patented SmileShop concept, bringing the Company's retail footprint to 128 locations across the globe. The expansion comes as SmileDirectClub celebrates its two millionth aligner customer served through its orthodontic telehealth platform. These SmileShop openings mark the first expansion of the Company's retail footprint in the U.S. since the beginning of the 2020 pandemic. The additional locations will provide even more consumers with the opportunity to beg
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., June 22, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the oral care leader and creator of the first med tech platform for teeth straightening, announced today it has reached an agreement with the Office of District of Columbia Attorney General (AG) Brian L. Schwalb, to resolve the litigation brought by the AG's Office against SmileDirectClub, falsely alleging that it stifled consumer reviews by requiring consumers to agree to a confidentiality clause in order to obtain a prorated refund for those customers wishing to return aligners after 30 days. "SmileDirectClub has always believed transparency is key to building trust with its customers, and that's why
Industry-First AI Technology Allows Customers To View Smile Transformation In Minutes Via Mobile Device NASHVILLE, Tenn., May 31, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced the U.S. launch of its innovative SmileMaker™ Platform, expanding its patented technology to its largest market. "The U.S. launch of SmileMaker Platform marks a milestone in SmileDirectClub's commitment to be on the leading edge of innovation in oral care technology," said David Katzman, CEO and Chairman, SmileDirectClub. "The patented SmileMaker Platform integrates AI diagnostics and analys
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
4 - SmileDirectClub, Inc. (0001775625) (Issuer)
4 - SmileDirectClub, Inc. (0001775625) (Issuer)
4 - SmileDirectClub, Inc. (0001775625) (Issuer)
4 - SmileDirectClub, Inc. (0001775625) (Issuer)
4 - SmileDirectClub, Inc. (0001775625) (Issuer)
4 - SmileDirectClub, Inc. (0001775625) (Issuer)
4 - SmileDirectClub, Inc. (0001775625) (Issuer)
4 - SmileDirectClub, Inc. (0001775625) (Issuer)
4 - SmileDirectClub, Inc. (0001775625) (Issuer)
4/A - SmileDirectClub, Inc. (0001775625) (Issuer)
Loop Capital downgraded SmileDirectClub from Hold to Sell and set a new price target of $2.00
Morgan Stanley reiterated coverage of SmileDirectClub with a rating of Equal-Weight and set a new price target of $2.20 from $2.30 previously
Stephens & Co. reiterated coverage of SmileDirectClub with a rating of Equal-Weight and set a new price target of $3.00 from $5.00 previously
Morgan Stanley initiated coverage of SmileDirectClub with a rating of Equal-Weight and set a new price target of $2.30
Craig Hallum upgraded SmileDirectClub from Sell to Hold
Credit Suisse reiterated coverage of SmileDirectClub with a rating of Outperform and set a new price target of $4.00 from $11.00 previously
Stifel reiterated coverage of SmileDirectClub with a rating of Hold and set a new price target of $5.00 from $6.00 previously
Goldman reiterated coverage of SmileDirectClub with a rating of Sell and set a new price target of $2.00 from $4.00 previously
Loop Capital reiterated coverage of SmileDirectClub with a rating of Hold and set a new price target of $4.00 from $6.00 previously
BofA Securities reiterated coverage of SmileDirectClub with a rating of Underperform and set a new price target of $5.00 from $6.00 previously