BREAKING
Earnings Summary: Highlights of Calumet’s (CLMT) Q4 2025 earnings report 3 days ago Zoom Communications Q4 2025 Earnings Results 3 days ago Agilent Q1 Revenue Rises 7%, Net Income Declines 4 days ago Synopsys Q1 2026 Earnings Results 4 days ago Key highlights from J.M. Smucker’s (SJM) Q3 2026 earnings results 4 days ago Hormel Foods (HRL) Q1 2026 Earnings: Key financials and quarterly highlights 4 days ago Key metrics from Lowe’s (LOW) Q4 2025 earnings results 5 days ago Earnings Preview: Best Buy (BBY) expected to report lower earnings in Q4 2026 5 days ago Apple Inc. (AAPL) Surges 5.1% — Developing Story 6 days ago Mastercard Incorporated (MA) Drops 5.6% — Developing Story 6 days ago Earnings Summary: Highlights of Calumet’s (CLMT) Q4 2025 earnings report 3 days ago Zoom Communications Q4 2025 Earnings Results 3 days ago Agilent Q1 Revenue Rises 7%, Net Income Declines 4 days ago Synopsys Q1 2026 Earnings Results 4 days ago Key highlights from J.M. Smucker’s (SJM) Q3 2026 earnings results 4 days ago Hormel Foods (HRL) Q1 2026 Earnings: Key financials and quarterly highlights 4 days ago Key metrics from Lowe’s (LOW) Q4 2025 earnings results 5 days ago Earnings Preview: Best Buy (BBY) expected to report lower earnings in Q4 2026 5 days ago Apple Inc. (AAPL) Surges 5.1% — Developing Story 6 days ago Mastercard Incorporated (MA) Drops 5.6% — Developing Story 6 days ago
ADVERTISEMENT
AlphaGraphs

Key highlights from SmileDirectClub (SDC) Q1 2020 earnings results

SmileDirectClub, Inc. (NASDAQ: SDC) reported its financial results for the quarter ended March 31, 2020, on Wednesday after the market closes. The bottom line was wider than the analysts’ expectations while the top line missed consensus estimates. SmileDirectClub posted a wider loss in the first quarter of 2020 due to higher costs and expenses. However, […]

$SDC May 13, 2020 1 min read
NYSE
$SDC · Earnings
“

SmileDirectClub, Inc. (NASDAQ: SDC) reported its financial results for the quarter ended March 31, 2020, on Wednesday after the market closes. The bottom line was wider than the analysts’ expectations while the top line missed consensus estimates. SmileDirectClub posted a wider loss in the first quarter of 2020 due to higher costs and expenses. However, […]

· May 13, 2020

SmileDirectClub, Inc. (NASDAQ: SDC) reported its financial results for the quarter ended March 31, 2020, on Wednesday after the market closes. The bottom line was wider than the analysts’ expectations while the top line missed consensus estimates.

SmileDirectClub posted a wider loss in the first quarter of 2020 due to higher costs and expenses. However, the top-line increased by 11% year-over-year driven by an increase in unique aligner shipments and higher average aligner gross sales price.

SmileDirectClub (SDC) Q1 2020 earnings review

Due to very few fixed costs and the vast majority of its SmileShops around the world operate on month-to-month leases, the company has been able to take decisive action, including the temporary closure of all SmileShops other than those in Hong Kong. The company has also put in place several cost management measures, including the suspension of most of its marketing spend, to position it to operate cash-neutral during this period.

Also, SmileDirectClub has entered into a new debt facility with HPS Investment Partners. After refinancing the previous debt facility, the company will have about $420 million in cash on its balance sheet, giving the liquidity needed to continue its growth plans and manage potential downsides with COVID-19.

ADVERTISEMENT
Take a look at our Health Care articles here
ADVERTISEMENT

Related Articles