SDC - SmileDirectClub Q1 net loss narrows 24% as 2022 guidance reaffirmed

May, 09 2022 07:19 PM SmileDirectClub, Inc. - Ordinary Shares - Class A

SmileDirectClub (NASDAQ:SDC) saw its Q1 2022 net loss narrow 24% to $73.2M compared to the prior-year period despite a drop in revenue. Shares are up ~5% in after-hours trading. Revenue of $152M, a ~24% year-over-year decrease, was a beat, while EPS missed by a penny. In Q1, SmileDirectClub (SDC) shipped 76,254 aligners, a 15.3 increase compared to Q4 2021. The company ended the quarter with $144.7M in cash. In addition, full-year revenue guidance of $600M-$650M was reaffirmed. In April, SmileDirectClub (SDC) negotiated a $255 million secured debt facility. Seeking Alpha's Quant Rating views SmileDirectClub (SDC) as a hold.

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SmileDirectClub Q1 net loss narrows 24% as 2022 guidance reaffirmed

Company Name:	SmileDirectClub, Inc. - Ordinary Shares - Class A
Stock Symbol:	SDC
Market:	NYSE
Website:	smiledirectclub.com

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