SmileDirect Club: Attack Taking Big Bite Out of Revenue
Get Permission SmileDirectClub, which sells teeth-straightening appliances, expects that a recent cyberattack, which disrupted the manufacturing of its products, will take a $10 million to $15 million bite out of its second-quarter revenue. Nashville, Tennessee-based SmileDirectClub, in an 8-K filing with the Security and Exchange Commission, says that it experienced a systems outage caused by a cybersecurity incident on April 14, which it expects to result in a cut in revenue for the second quarter ending June 30. "While it is too early to assess the full impact of the incident on the secon...