Welcome to our dedicated page for SmileDirectClub news (Ticker: SDC), a resource for investors and traders seeking the latest updates and insights on SmileDirectClub stock.
SmileDirectClub, Inc. (Nasdaq: SDC) delivers innovative telehealth orthodontics through its AI-powered platform and nationwide SmileShop network. This news hub provides investors and industry observers with essential updates on SDC's financial developments, technological advancements, and market strategy.
Access real-time information about earnings reports, regulatory milestones, and product innovations like the SmileMaker Platform. Track strategic initiatives including retail expansion efforts and partnerships within the oral care sector. Our curated news collection serves as your primary source for understanding SDC's position in the evolving medtech landscape.
Key updates include quarterly financial performance, aligner technology enhancements, and operational developments. Bookmark this page to stay informed about SmileDirectClub's progress in making professional orthodontic care accessible through its vertically integrated model.
SmileDirectClub (Nasdaq: SDC) announced a partnership with Dr. Amira Ogunleye, a renowned cosmetic dentist, to promote equitable access to affordable dental care. This collaboration marks the first of its kind for the company, focused on addressing barriers faced by marginalized communities. Their initiatives include educating on the dental industry's disparities via social media. Additionally, SmileDirectClub's Partner Network has expanded to 735 locations, and the company has awarded $210,000 in scholarships to African American oral health students. With over 1.5 million smiles straightened since 2014, SDC aims to democratize dental care.
SmileDirectClub, Inc. (Nasdaq: SDC) has appointed Brett Deaver as SVP, General Manager of Global Partner Network, aimed at expanding its reach in the dental community. Deaver, previously with Revance Therapeutics, brings over 20 years of experience in sales and growth strategy. The Partner Network has over 735 active or pending partner practices and continues to grow, enhancing access to its innovative clear aligner therapy. Since its 2014 U.S. launch, SmileDirectClub has served over 1.5 million customers globally.
SmileDirectClub (Nasdaq: SDC) has launched SmileOS, an AI-powered treatment planning software designed to enhance patient treatment outcomes. By leveraging data from over 1.5 million aligner treatment plans, SmileOS allows affiliated doctors to more accurately predict tooth movements and visualize treatments. This innovation is expected to expand the eligibility of patients for SmileDirectClub aligners, particularly teens. The software aims to provide a superior customer experience while maintaining clinical oversight from licensed dentists and orthodontists.
SmileDirectClub, an oral care company known for its innovative medtech teeth straightening platform, announced it will participate in four upcoming conferences in November and December 2021. These include the Credit Suisse 30th Annual Healthcare Conference on November 10, Stifel 2021 Virtual Healthcare Conference on November 15, Evercore ISI HealthCONx Conference on December 2, and the Stephens Annual Investment Conference on December 3. Audio webcasts of the presentations will be available on their investor relations website.
SmileDirectClub (Nasdaq: SDC) reported third quarter 2021 results revealing total revenue of $138 million, a decrease of 18.3% from the prior year. The net loss was $(89) million, a decline of 105.6%.
Year-to-date revenue rose 8.3% to $511 million. The company expects fourth quarter revenue to range between $120-$140 million, primarily impacted by ongoing macroeconomic headwinds.
SmileDirectClub has expanded its oral care product line with the launch of two new water flossers in thousands of Walmart stores across the U.S. The Large Tank Water Flosser and Compact Water Flosser are designed to improve dental hygiene, claiming to be 50% more effective than traditional string floss. The Large Tank model features a 90-second water reservoir and multiple pressure modes, while the Compact model is travel-friendly. Priced at $39.98 each, these products are part of SmileDirectClub's mission to provide accessible oral care solutions.
SmileDirectClub (Nasdaq: SDC) will announce its third quarter 2021 results on November 8, 2021, after market close. CEO David Katzman and CFO Kyle Wailes will lead a conference call at 5 p.m. Eastern Time to discuss the financial performance. Interested parties can join via dial-in numbers or through a live webcast available on the company's Investor Relations page. A replay will be accessible until November 15, 2021, for those who cannot attend the live event.
SmileDirectClub announced the issuance of a patent by the USPTO for its innovative SmileBus concept, enhancing access to affordable oral care. Since its launch in 2018, the SmileBus has made nearly 1,200 stops, aiding in the collection of almost 100,000 3D images for remote customers. This patent strengthens the company’s intellectual property portfolio, which includes advancements in clear aligners and a digital customer journey. With a commitment to democratizing access to orthodontic care, SmileDirectClub has served over 1.5 million customers globally.
SmileDirectClub launches a social media kindness chain to celebrate World Smile Day from October 1-8, 2021. The initiative encourages followers to share random acts of kindness, with rewards including smile care products and free aligner treatment. Supported by comedian Heather McMahan, the campaign aims to spread positivity and inspire smiles. A recent survey indicates that 91% of respondents desire more kindness in the world. Additionally, the company is offering 20% off select products during this week, enhancing accessibility to smile care.
SmileDirectClub, Inc. (Nasdaq: SDC) celebrates the Federal Trade Commission's (FTC) support against anti-competitive practices in Alabama. The proposed Consent Order prevents the Alabama Board of Dental Examiners from hindering the delivery of clear aligner therapy via SmileDirectClub's telehealth platform. This change aims to enhance consumer access to affordable and effective dental treatments, reinforcing the company’s mission to democratize oral care. SmileDirectClub has already positively impacted over 1.5 million customers globally.
