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) is a pioneering oral care company headquartered in Nashville, Tennessee. Founded in 2014, SmileDirectClub has transformed the teeth-straightening industry with its innovative telehealth platform. By leveraging cutting-edge 3D printing and telehealth technologies, the company offers an affordable and convenient alternative to traditional orthodontic treatments.
SmileDirectClub's core business revolves around its proprietary medtech platform for teeth straightening. This platform allows customers to straighten their teeth without frequent office visits, cutting costs by up to 60%. The company's vertically integrated model includes at-home impression kits, 3D scanning at SmileShop locations, and customized aligner manufacturing, ensuring a seamless and efficient process from start to finish.
Recent achievements highlight SmileDirectClub's commitment to innovation and customer satisfaction. The company has introduced the SmileMaker Platform, which uses AI to create Custom Smile Plans. It also launched CarePlus, a premium service combining in-person doctor visits with virtual check-ins, offering enhanced product features like scalloped edge aligners for added comfort.
Financially, SmileDirectClub has shown resilience, with improved year-over-year EPS and adjusted EBITDA for four consecutive quarters. Despite challenges, including a recent arbitration ruling with former partner Align Technology, the company remains focused on restructuring its balance sheet and securing additional funding to support its operations.
SmileDirectClub is also expanding its retail presence with new SmileShop locations across the U.S., offering more consumers access to its doctor-directed digital orthodontia platform. The company continues to prioritize transparency and customer trust, working closely with regulatory bodies to set new industry standards.
With a mission to democratize access to a smile everyone loves, SmileDirectClub has already helped over two million people worldwide. The company remains committed to delivering premium oral care products and services, making high-quality orthodontic solutions accessible to all.
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.
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