SmileDirectClub, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022 at 04:01 pm EST
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SmileDirectClub, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 98.52 million compared to USD 126.8 million a year ago. Revenue was USD 106.77 million compared to USD 137.68 million a year ago. Net loss was USD 21.67 million compared to USD 27.39 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.23 a year ago. Diluted loss per share from continuing operations was USD 0.18 compared to USD 0.23 a year ago.
For the nine months, sales was USD 357.84 million compared to USD 478.19 million a year ago. Revenue was USD 384.21 million compared to USD 511.33 million a year ago. Net loss was USD 64.56 million compared to USD 73.18 million a year ago. Basic loss per share from continuing operations was USD 0.53 compared to USD 0.62 a year ago. Diluted loss per share from continuing operations was USD 0.53 compared to USD 0.62 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 Company's 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. 
