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., 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., 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
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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
Holley Inc. (NYSE:HLLY), the leading platform serving performance automotive enthusiasts, today announced the appointment of Jesse Weaver as the Company's Chief Financial Officer. Mr. Weaver will succeed Stephen Trussell, who has served as the Company's Interim Chief Financial Officer since September 30, 2022. Mr. Trussell will continue as the Company's Vice President of Finance, a role he has held since 2009. Mr. Weaver, who has nearly 20 years of experience in finance, strategy, and data analytics, will serve as a member of the executive leadership team and report directly to President and Chief Executive Officer, Tom Tomlinson. Most recently, Mr. Weaver served as Senior Vice President o
NASHVILLE, Tenn., Oct. 10, 2022 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced the appointment of Azmat Ali as Vice President of Product. Mr. Ali will play a significant role in enhancing the customer experience by fueling the Company's innovation portfolio with high-quality aligners, retainers, and new opportunities that complement the Company's existing offerings. Mr. Ali is a results-driven product marketing executive with experience leading organizations through change and growth. As VP of Product, he will own the product vision, roadmap, and customer experience fo
NASHVILLE, Tenn., July 25, 2022 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced the appointment of Alex Dimitrief as an independent director on its Board of Directors, effective immediately. Mr. Dimitrief is an experienced director and C-suite leader with a track record of steering global businesses through a wide range of challenges. He currently serves as a Partner at Zeughauser Group, a Lecturer on Law at Harvard Law School, and a Senior Fellow and Distinguished Adjunct Professor at the New York Law School. From 2007 to 2019, Mr. Dimitrief served in several business
NASHVILLE, Tenn., June 15, 2022 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced the appointment of David Rodriguez as Vice President of Professional Relations and Marketing. Mr. Rodriguez will lead the Company's professional education and key opinion leader strategy, developing and deepening SmileDirectClub's programs and relationships in the professional channel and throughout the dental industry. Mr. Rodriguez brings over two decades of experience in dental marketing, continuing education, and professional relations to SmileDirectClub from creating and scaling programs
NASHVILLE, Tenn., June 06, 2022 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced the appointment of Troy Crawford as its Chief Financial Officer, effective June 6, 2022. Mr. Crawford has served as the interim CFO since January 8, 2022. Mr. Crawford joined the Company as Chief Accounting Officer in January 2020. In his role as CFO, he will continue to report directly to CEO and Chairman, David Katzman, serving as a strategic advisor and responsible for accounting, treasury, tax, FP&A, capital planning and deployment, and investor relations. "Since stepping into the interim
NASHVILLE, Tenn., May 31, 2022 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced the appointment of Linda Williams as an independent director on its Board of Directors. Her appointment as an independent director will be effective June 3, 2022, immediately following the Company's annual meeting of stockholders to be held on the same date. Ms. Williams is an accomplished executive who brings extensive business, regulatory, and information security experience in the healthcare and insurance industries. Having served in a number of senior leadership roles, she has a strong trac
NASHVILLE, Tenn., Dec. 06, 2021 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, has announced the appointment of Brett Deaver to the new role of SVP, General Manager of Global Partner Network, responsible for continuing to build and ignite international growth in the professional channel. In this role, Mr. Deaver will broaden and deepen SmileDirectClub's reach in the dental community by securing more partnerships with professional networks, DSOs, and dental and orthodontic offices, as well as managing ongoing relationships with partner practices to increase utilization. Mr. Deaver previ
NASHVILLE, Tenn., April 02, 2021 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (Nasdaq: SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced the appointment of Ted Ward as a director on its Board. Ward is a respected marketing titan with over three decades of experience, most recently at the helm of the marketing team at insurance giant GEICO, where he led the creation of the company's award-winning disruptive marketing campaigns and solidified the brand as an industry innovator in the minds of consumers. “Ted brings invaluable marketing expertise in guiding a challenger brand to unseat the incumbent market leader,
On Tuesday, 647 companies set new 52-week lows. Things to Consider About Today's 52-Week Lows: Bank of America (NYSE:BAC) was the biggest company on a market cap basis to set a new 52-week low. Blue Star Foods (NASDAQ:BSFC) was the smallest company by market cap to set a new 52-week low. Stryve Foods (NASDAQ:SNAX) shares dropped the most, trading down 27.96% to reach its new 52-week low. Royal Bank of Canada (NYSE:RY) shares rebounded the highest, with shares trading up 0.0%, bouncing back after reaching its new 52-week low. Stocks dropping to new 52-week lows on Tuesday: Bank of America (NYSE:BAC) shares set a new yearly low of $26.16 this morning. The stock was down 0.75% on
U.S. stocks extended losses toward the end of trading, with the S&P 500 falling around 1.5% on Tuesday. The Dow traded down 1.43% to 32,954.84 while the NASDAQ fell 1.98% to 13,044.24. The S&P 500 also fell, dropping, 1.53% to 4,222.58. Check This Out: Vivani Medical And 3 Other Stocks Under $2 Insiders Are Buying Leading and Lagging Sectors Utilities shares rose by 0.6% on Tuesday. In trading on Tuesday, consumer discretionary shares dipped by around 2.4%. Top Headline The number of job openings increased by 690,000 from the prior month to 9.61 million in August, compared to market estimates of 8.8 million. Equities Trading UP Vericity, Inc. (NASDAQ:VERY) shares shot up 86% to
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U.S. stocks extended losses midway through trading, with the Nasdaq Composite falling more than 200 points on Tuesday. The Dow traded down 1.06% to 33,078.27 while the NASDAQ fell 1.60% to 13,094.83. The S&P 500 also fell, dropping, 1.27% to 4,233.76. Check This Out: Vivani Medical And 3 Other Stocks Under $2 Insiders Are Buying Leading and Lagging Sectors Materials shares fell by just 0.1% on Tuesday. In trading on Tuesday, consumer discretionary shares dipped by around 2%. Top Headline The number of job openings increased by 690,000 from the prior month to 9.61 million in August, compared to market estimates of 8.8 million. Equities Trading UP Vericity, Inc. (NASDAQ:VERY) sha
U.S. stocks traded lower this morning, with the Dow Jones falling more than 100 points on Tuesday. Following the market opening Tuesday, the Dow traded down 0.37% to 33,310.99 while the NASDAQ fell 0.58% to 13,230.96. The S&P 500 also fell, dropping, 0.47% to 4,268.18. Check This Out: Vivani Medical And 3 Other Stocks Under $2 Insiders Are Buying Leading and Lagging Sectors Consumer staples shares fell by just 0.04% on Tuesday. In trading on Tuesday, consumer discretionary shares dipped by around 1%. Top Headline McCormick & Company, Incorporated (NYSE:MKC) reported weaker-than-expected sales for its third quarter. The company posted third-quarter FY23 sales growth of 6% year-on-y
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