Categories AlphaGraphs, Earnings, Health Care

SmileDirectClub (SDC) Q1 Report: Net loss narrows but misses estimates

Digital healthcare firm SmileDirectClub Inc. (NASDAQ: SDC) reported a narrower net loss for the first quarter of 2021 amid modest revenue growth. While the bottom-line missed Wall Sreet’s prediction, revenues beat.

SmileDirectClub Q1 2021 earnings infographic

The Nashville, Tennessee-based teledentistry company reported a net loss of $28.9 million or $0.25 per share for the March quarter, which marked an improvement from the year-ago period when it incurred a loss of $29.3 million or $0.28 per share. Analysts were looking for a narrower loss for the latest quarter.

At $199.5 million, first-quarter revenues were up 1% from the comparable period of 2020 and slightly above experts’ projection.

Read management’s comments on SmileDirectClub’s Q1 earnings

The company’s shares have lost about 31% since the beginning of the year. They dropped during Monday’s extended trading after ending the regular session lower.

  • SmileDirectClub reports Q2 2020 earnings

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