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) has announced the launch of the SmileDirectClub Scholarship, in partnership with the NAACP, aimed at supporting African American students pursuing careers in science, technology, engineering, and math (STEM). Applications are open until June 18, 2021, with ten students to receive $15,000 annually for up to four years. This initiative reflects the company's commitment to diversity and innovation. Cheryl DeSantis, Chief People & Diversity Officer, emphasized the importance of inclusivity in fostering future innovators.
SmileDirectClub, Inc. (Nasdaq: SDC) will participate in several investor conferences from May 24 to June 3, 2021. The key events include the UBS Global Healthcare Virtual Conference, where they will present on May 25 at 2 p.m. ET, and the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 26 at 4:25 p.m. ET. Other conferences include the William Blair 41st Annual Growth Stock Conference and the Craig Hallum Institutional Investor Conference. All presentations will be webcast live on their investor relations website.
SmileDirectClub (Nasdaq: SDC) reported Q1 2021 financial results, showing total revenue of $199 million, an 8% increase from Q4 2020, with a net loss of $(96) million, down 11% year-over-year. Adjusted EBITDA reached $5 million, reflecting a $72 million improvement. Unique aligner shipments totaled 106,345, with an average sales price of $1,860. For Q2, revenue is projected between $195-$200 million, while EBITDA is expected to be breakeven due to impacts from a cyber-attack. The company maintains its long-term growth targets despite recent disruptions.
SmileDirectClub, a leader in oral care innovation, will report its first quarter 2021 earnings on May 10, 2021, after market close. A conference call hosted by Alison Sternberg, along with CEO David Katzman and CFO Kyle Wailes, is scheduled for 4:30 p.m. ET. Details for joining the call include a domestic dial-in number of 1-877-407-9208 and an international number of 1-201-493-6784. The call will also be web streamed on their Investor Relations site.
SmileDirectClub (Nasdaq: SDC) launched the industry-first Lifetime Smile Guarantee™, promising customers a straighter smile for life in honor of World Health Day. This program allows customers who complete clear aligner therapy to receive one free set of aligners annually if deemed necessary by a dentist. The program enhances customer experience by guaranteeing ongoing support and treatment at no additional cost. Since its inception in 2014, SmileDirectClub has served over one million customers globally, positioning itself as a leader in affordable oral care.
SmileDirectClub has appointed Ted Ward, former CMO of GEICO, to its Board of Directors, bringing over three decades of marketing expertise to the company. Ward is recognized for his success in disruptive marketing, significantly enhancing brand recognition. His appointment aims to boost SmileDirectClub’s efforts in educating consumers about affordable orthodontic solutions, which offer clinically safe treatments without the hefty prices typical in traditional orthodontics. Concurrently, Rick Schnall has resigned from the Board, with thanks for his service.
SmileDirectClub (Nasdaq: SDC) is expanding its international presence with the launch of new SmileShop locations in Mexico City in April 2021. This marks the company’s entry into Latin America, targeting the significant demand for affordable orthodontic solutions. Approximately 80% of Mexicans would benefit from teeth straightening, yet many find traditional options too costly. SmileDirectClub aims to provide clear aligner therapy at 40% less than local competitors, ensuring accessible and convenient care managed by local dental professionals.
SmileDirectClub (Nasdaq: SDC) has expanded its retail presence in Canada by partnering with Shoppers Drug Mart. The company will offer its bright on™ premium teeth whitening system, which includes a patent-pending 20-LED accelerator light, available at over 1,000 locations. This product allows consumers to apply a dentist-formulated whitening gel at home, resulting in a brighter smile for up to six months. SmileDirectClub aims to enhance accessibility to its products, reinforcing its mission to democratize oral care and offering affordable solutions.
SmileDirectClub (Nasdaq: SDC) expands its presence in the oral care market by launching its products at more than 400 Walmart locations across Canada. This initiative follows a successful launch in the U.S. in 2020, where the bright on™ whitening gel became the top-selling product. The Canadian lineup includes a premium electric toothbrush and the bright on™ teeth whitening kit, aimed at making oral care accessible and affordable. SmileDirectClub continues to enhance its reputation as a leading telehealth provider in orthodontics.
SmileDirectClub (Nasdaq: SDC) announced participation in two investor conferences on March 10-12, 2021. The first is the Stephens 2021 Virtual Best Ideas Conference on March 10, featuring a presentation from 12-12:45 p.m. ET. The second event, Loop Capital Markets’ 2021 Consumer, Industrials, & TMT Investor Conference, takes place on March 12. Investors can access a live webcast of the Stephens conference through the company’s investor relations website.
SmileDirectClub aims to democratize smile access through affordable oral care solutions.
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