SDC - SmileDirectClub GAAP EPS of -$0.18 misses by $0.05 revenue of $87M misses by $6.67M

• SmileDirectClub press release ( NASDAQ: SDC ): Q4 GAAP EPS of -$0.18 misses by $0.05 .
• Revenue of $87M (-31.0% Y/Y) misses by $6.67M .
• Fourth quarter unique aligner shipments of 41,462, a 20.8% sequential decrease over 52,367 shipments in the third quarter of 2022.
• Fourth quarter average aligner gross sales price (“ASP”) of $1,960, a 3% improvement compared to $1,902 for the third quarter of 2022.

• The full year 2023 costs and capital outlook for the core business include (see Company’s supplemental earnings presentation for more insights regarding these assumptions):

  • Gross margin range (as a percentage of total revenues) of 72.0% to 75.0%
  • Adjusted EBITDA range of ($35 million) to ($5 million), with positive Adjusted EBITDA by Q3 2023
  • CapEx range of $35 million to $45 million
  • One-time costs range of $12 million to $15 million

For further details see: