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Q2 shortfall sends SmileDirect stock reeling nashvillepost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nashvillepost.com Daily Mail and Mail on Sunday newspapers.
Why SmileDirectClub Tanked by 24% on Tuesday fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Operator Greetings. Welcome to the SmileDirectClub first-quarter 2021 earnings call. [Operator instructions] Please note, this conference is being recorded. I will now turn the conference over to your host, Alison Sternberg. Ms. Sternberg, you may begin. Alison Sternberg Vice President, Investor Relations Thank you, operator. Good afternoon. Before we begin, let me remind you that this conference call includes forward-looking statements. For additional information on SmileDirectClub, please refer to the company s SEC filings including the risk factors described therein. You should not rely on our forward-looking statements as predictions of future events. All forward-looking statements that we make on this call are based on assumptions and beliefs as of today. I refer you to our Q1 2021 earnings presentation for a description of certain forward-looking statements. We undertake no obligation to update such information, except as required by applicable law ....
A number of analysts on Tuesday downgraded shares of SmileDirectClub after the aligner makerâs executives reported solid first-quarter results but predicted slower revenue growth than the Street had expected. Downtown-based SmileDirect lost $95.6 million in the first quarter, a modest improvement from the the figure of the first three months of last year. But this yearâs number includes a $47.6 million hit from extinguishing some of its debt. Operating losses narrowed to $27.8 million from $96.5 million a year earlier and adjusted EBITDA turned slightly positive for the quarter. CEO David Katzman and CFO Kyle Wailes said they are expecting top-line growth in the second half to be between 5 percent and 7 percent, their stated long-term goal, from the second quarter. But that Q2 figure will likely be depressed by about $15 million because of a cyberattack the company reported last week â news that ....
Share: The oral care company SmileDirectClub, Inc.(NASDAQ: SDC) has introduced a special offers rewards program for qualifying investors in the Nashville-headquartered company. What Happened: In this program, investors who have held a minimum of 100 shares for no less than one month can save 25% on premium oral care products including electric toothbrushes, toothpaste and teeth whitening. Investors holding a minimum of 250 shares for no less than two months can save $200 on SmileDirectClub aligners for teeth straightening. Investors holding a minimum of 250 shares more no less than two months are eligible to receive three retainer sets for the price of two. Must have a minimum of 250 shares for no less than two months at time of purchase. ....