SmileDirectClub, Inc. - SDC STOCK NEWS

SmileDirectClub reported its Q4 and full year 2022 financial results, highlighting a total revenue of $471 million, which is a 26.2% decline year-over-year. Despite this, the net loss improved by $58 million to $(278 million) for the year, and adjusted EBITDA was $(135 million), a slight decrease. Q4 revenue was $87 million, down 31.5% from the previous year. Unique aligner shipments also fell by 20.8% from Q3 2022. The company anticipates total revenue between $400 million to $450 million for 2023, with expectations of hitting positive adjusted EBITDA by Q3 2023, driven by new initiatives like the SmileMaker Platform and CarePlus.

SmileDirectClub (Nasdaq: SDC) has launched the Sensitivity-Free Whitening Kit, designed for individuals with tooth sensitivity. This innovative kit brightens teeth up to seven shades in just a week with a daily 10-minute application. It includes a patented 20-LED wireless accelerator light and an Enamel Care Gel pen for post-whitening care. Priced at $50, the kit is available on SmileDirectClub.com and select Walmart stores. The company continues to expand its oral care product offerings, serving over 1.8 million customers since its U.S. debut in 2014, and aims to enhance customer access to affordable oral care solutions.

SmileDirectClub (Nasdaq: SDC) has launched its new premium aligner treatment, CarePlus, aimed at enhancing customer choice and care management. This service combines in-person consultations with remote management, providing flexibility and a tech-forward approach to orthodontics. CarePlus starts with a 3D scan and consultation at a Partner Network dentist location, offering treatment plans for both day and nighttime aligners. Customers can opt for a one-time payment of $3,900 or a monthly plan under $115. SmileDirectClub ensures a personalized experience with 24/7 concierge support and a Lifetime Smile Guarantee, now available in select U.S. cities.

SmileDirectClub, a leader in oral care and the creator of the first medtech platform for teeth straightening, will release its fourth quarter and year-end 2022 results on February 28, 2023, after market close. The company will host a conference call on March 1, 2023, at 8 a.m. Eastern Time, led by CEO David Katzman and CFO Troy Crawford. Investors can join the call via dial-in or webcast through the company’s Investor Relations page. A replay will be available from the same day until March 8, 2023. SmileDirectClub aims to democratize access to dental care through innovative technology. For more details, visit SmileDirectClub.com.

SmileDirectClub (Nasdaq: SDC) has announced a workforce realignment aimed at achieving annual cost savings of $120 to $140 million in 2023, excluding transition costs. This restructuring is intended to enhance operational efficiency and foster positive cash flow by late 2023. The company expects full-year 2023 revenues to fall between $400 million and $450 million for its core business. Preliminary fourth-quarter revenues for 2022 are projected at $86 to $88 million, contributing to an anticipated net loss of $278 million to $286 million for the year. The firm is focused on innovative offerings like the SmileMaker Platform and CarePlus, targeting improved Adjusted EBITDA by Q3 2023.

SmileDirectClub has launched its innovative SmileMaker Platform, enabling consumers to visualize potential smile transformations using advanced AI technology. Accessible through the free SmileDirectClub App, users can conduct 3D scans of their teeth, receiving a custom smile plan within minutes. This platform, which is currently available in Australia and expanding to the U.S. and other markets, leverages data from over 1.8 million smiles, enhancing accessibility and affordability in oral care. The initiative aligns with SmileDirectClub's mission to democratize access to dental care.

Nashville-based SmileDirectClub (Nasdaq: SDC) announced its management will speak at three conferences in November and December 2022. The schedule includes the Stifel 2022 Healthcare Conference on November 15 at 9:45 am ET, the Stephens Annual Investment Conference on November 17 at 2 pm ET, and the Evercore ISI 5th Annual HealthCONx Virtual Conference on December 1 at 12:10 pm ET. Audio webcasts will be available in the Events section of its investor relations website, underscoring the company's commitment to transparency and engagement with investors.

SmileDirectClub (Nasdaq: SDC) reported its Q3 2022 financial results, highlighting total revenue of $107 million, down 15.1% from Q2 and 22.5% year-over-year. The company faced a net loss of $(70) million, an increase of $4 million from the previous quarter but improved $20 million year-over-year. Adjusted EBITDA was $(30) million, a decrease of $7 million from Q2. They raised 2022 revenue guidance to $470 million to $500 million, amidst challenges in consumer spending and inflation.

SmileDirectClub has launched its new Space Saver Countertop Water Flosser at Walmart stores nationwide, expanding its oral care product line. This innovative flosser occupies half the counter space of leading models and features a large-capacity tank that lasts up to 120 seconds, offering five flossing modes and removing 99% of plaque where traditional methods can't reach. Priced at $60, this flosser complements the company’s existing products and addresses consumer demand for compact, efficient oral care solutions. Since 2014, SmileDirectClub has served over 1.8 million customers, saving them more than $5 billion compared to traditional braces.