SmileDirectClub (NSDQ:SDC) shares dipped today on first-quarter results that were mixed compared to the consensus forecast. The Nashville, Tenn.-based dental technology company posted losses of $29.9 million, or -25¢ per share, on sales of $188.8 million for the three months ended March 31, 2021, for a -2.3% bottom-line slide on sales growth of 2.6%. Adjusted […]
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SmileDirectClub dips on missed Q4 projections
SmileDirectClub (NSDQ:SDC) shares dipped during pre-market trading today on fourth-quarter results that missed the consensus forecast. The Nashville, Tenn.-based company posted losses of -$32.9 million, or -9¢ per share, on sales of $172.6 million for the three months ended Dec. 31, 2020, for a 66.1% bottom-line gain on a sales decline of -6.2%. SmileDirectClub’s EPS of […]
SmileDirectClub prices $650M offering
SmileDirectClub (NSDQ:SDC) announced last week that it priced an offering of convertible senior notes worth $650 million. Nashville, Tenn.-based SmileDirectClub is offering $650 million in aggregate principal amount of 0% convertible senior notes due in 2026, according to a news release. The company increased the offering size from the previously announced $350 million with the intention […]
SmileDirectClub beats The Street in Q3
SmileDirectClub (NSDQ:SDC) shares dipped before hours today on third-quarter results that beat the consensus forecast. The Nashville, Tenn.-based dental aligner maker posted losses of -$44.5 million, or -11¢ per share, on sales of $156.5 million for the three months ended Sept. 30, 2020, for an 88.8% bottom-line gain on a sales decline of -7.2%. Adjusted to […]
SmileDirectClub sinks on Q2 misses
SmileDirectClub (NSDQ:SDC) shares took a big hit today on second-quarter results that came in behind the consensus earnings forecast. The Nasvhille, Tenn.-based dental aligner maker posted losses of -$94.7 million, or -25¢ per share, on sales of $94.4 million for the three months ended June 30, 2020, for a bottom-line slide from losses of -$32.4 million […]
Medtech 100 roundup: Stocks dip slightly after strong start to month
Medtech stocks ticked down over the course of last week as the COVID-19 pandemic continues to bear economic ramifications. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 82.4 points at the end of last week (May 15). That total represents a -1.9% decline from the 83.98-point […]
SmileDirectClub sinks on missed Q1 projections
SmileDirectClub (NSDQ:SDC) shares plummetted today on first-quarter results that came in well short of the consensus forecast. The Nashville, Tenn.-based 3D-printed clear dental aligner maker posted losses of $107.4 million on sales of $183.9 million for the three months ended March 31, 2020, for a massive bottom-line slide from losses of $20.5 million last year despite […]
SmileDirectClub stocks plunge amid Q4 losses
SmileDirectClub (NSDQ:SDC) today posted fourth-quarter results that missed the consensus forecast on Wall Street. The Nashville, Tenn.-based company reported losses of -$97.3 million, or -25¢ per share, on sales of $196.7 million for the three months ended Dec. 31, 2019, for a sales growth of 53.1% compared with Q4 2018. Earnings per share were -25¢, 14¢ […]
Smile Direct Club aligners now available in-office; stock soars
SmileDirectClub (NSDQ:SDC) shares skyrocketed following the announcement that its clear aligners are set to be offered through the wholesale channel in dentist and orthodontist offices. The Nashville, Tenn.-based company’s announcement follows the Dec. 31, 2019, expiration of its exclusive supply agreement with Align Technology (NSDQ:ALGN). After yesterday’s announcement, shares of SDC are up 16.24% at $13.60 per […]
SmileDirectClub beats The Street in Q3 results
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 […]
