SmileDirectClub (NSDQ:SDC) posted third-quarter results that beat the consensus on Wall Street. The Nashville, Tenn.-based company reported losses of -$387.6 million, or -89¢ per share, on sales of $180.2 million for the three months ended Sept. 30, 2019, for a bottom-line gain of 2484% sales growth of 50.5% compared with Q3 2018. Adjusted to exclude one-time […]
SmileDirect Club plunges after IPO
Shares in SmileDirectClub (NSDQ:SDC) regained some of their value this morning after closing down some -28% after their public debut yesterday. Nashville, Tenn.-based SmileDirectClub makes 3D-printed clear dental aligners designed to provide an alternative to traditional braces. The company floated 58.5 million shares at $23 apiece in its $1.35 billion initial public offering yesterday, only to […]
SmileDirectClub sets $20.50 per-share midpoint for $1.5B IPO
SmileDirectClub today set the pricing range on an initial public offering that could fetch up to $1.5 billion. Nashville, Tenn.-based SmileDirectClub produces 3D-printed clear dental aligners designed to provide an alternative to traditional braces. It boasts affordable orthodontic solutions, comparing its price of less than $2,000 to the $5,000 to $8,000 charged for traditional braces. […]
SmileDirectClub sets range on $1.5B IPO
SmileDirectClub yesterday set the pricing range on an initial public offering that could fetch up to $1.5 billion. Nashville, Tenn.-based SmileDirectClub produces 3D-printed clear dental aligners designed to provide an alternative to traditional braces. It boasts affordable orthodontic solutions, comparing its price of less than $2,000 to the $5,000 to $8,000 charged for traditional braces. […]
Align Tech-backed SmileDirectClub levies lawsuits against critical dentists, orthodontists
The Align Technology (NSDQ:ALGN) backed SmileDirectClub is reportedly sending cease-and-desist letters to children’s dental care specialist who criticize its products, according to a BuzzFeed report. The company sent at least 2 cease-and-desist letters last month, threatening lawsuits if dentists did not remove videos they’d posted criticizing the practice of do-it-yourself clear teeth aligners, according to the report. […]
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