SmileDirectClub, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 08, 2022 at 04:01 pm EDT
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SmileDirectClub, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 116.8 million compared to USD 162.59 million a year ago. Revenue was USD 125.8 million compared to USD 174.18 million a year ago. Net loss was USD 20.31 million compared to USD 16.88 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to USD 0.14 a year ago. Diluted loss per share from continuing operations was USD 0.17 compared to USD 0.14 a year ago.
For the six months, sales was USD 259.31 million compared to USD 351.39 million a year ago. Revenue was USD 277.44 million compared to USD 373.64 million a year ago. Net loss was USD 42.89 million compared to USD 45.79 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to USD 0.39 a year ago. Diluted loss per share from continuing operations was USD 0.36 compared to USD 0.39 a year ago.
SmileDirectClub, Inc.is an oral care company and creator of the first medtech platform for teeth straightening. Through its cutting-edge teledentistry technology and vertically integrated model, it provides clear aligner therapy and premium oral care product line. The Companyâs clear aligner treatment addresses the orthodontics market. The Company offers a suite of oral care products, such as whitening kits, toothbrushes, toothpaste, and other ancillary oral care products. The Company also offers oral care market products, such as retainers, toothbrushes, toothpaste, water flosser, SmileSpa, lip balm, MoveMints, BrightOn premium whitening, and a light-emitting diode (LED) accelerator light. Its platform supports its customers and their treating doctors, and the clinical and customer care teams. It has a network of over 125 SmileShops in the locations, as well as partnerships with over 1,000 dental practices. It also has a network of over 200 orthodontists and general dentists.
SMILEDIRECTCLUB, INC. 
