SmileDirectClub Inc (PK:SDCCQ)
Business Focus: Medical Equipment, Supplies & Distribution
| Sector: Healthcare | Industry: Medical Equipment, Supplies & Distribution |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 414 Union St NASHVILLE TN 37219-1757 |
| Tel: | 1-800-3420462 |
| Website: | https://smiledirectclub.com |
| IR: | See website |
| Key People | ||
| David B. Katzman Chairman of the Board, Chief Executive Officer | Alexander J. Fenkell Co-Founder, Director | Jordan M. Katzman Co-Founder, Director |
| Troy W. Crawford Chief Financial Officer | Steven B. Katzman Chief Operating Officer, Director | Susan Greenspon Rammelt Chief Legal Officer, Executive Vice President - Business Affairs, Secretary, Director |
| Business Overview |
| 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. |
| Financial Overview |
| For the six months ended 30 June 2023, SmileDirectClub Inc revenues decreased 20% to $221.6M. Net loss decreased 9% to $39.2M. Revenues reflect Aligner segment decrease of 22% to $170.4M, Retainers and other products segment decrease of 10% to $37.1M. Lower net loss reflects Marketing and selling expenses - Balance decrease of 27% to $121.1M (expense), General and administrative expenses decrease of 12% to $91.8M (expense). |
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