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SmileDirectClub, Inc. - SDC STOCK NEWS

Welcome to our dedicated page for SmileDirectClub news (Ticker: SDC), a resource for investors and traders seeking the latest updates and insights on SmileDirectClub stock.

SmileDirectClub, Inc. (Nasdaq: SDC) is a pioneering oral care company headquartered in Nashville, Tennessee. Founded in 2014, SmileDirectClub has transformed the teeth-straightening industry with its innovative telehealth platform. By leveraging cutting-edge 3D printing and telehealth technologies, the company offers an affordable and convenient alternative to traditional orthodontic treatments.

SmileDirectClub's core business revolves around its proprietary medtech platform for teeth straightening. This platform allows customers to straighten their teeth without frequent office visits, cutting costs by up to 60%. The company's vertically integrated model includes at-home impression kits, 3D scanning at SmileShop locations, and customized aligner manufacturing, ensuring a seamless and efficient process from start to finish.

Recent achievements highlight SmileDirectClub's commitment to innovation and customer satisfaction. The company has introduced the SmileMaker Platform, which uses AI to create Custom Smile Plans. It also launched CarePlus, a premium service combining in-person doctor visits with virtual check-ins, offering enhanced product features like scalloped edge aligners for added comfort.

Financially, SmileDirectClub has shown resilience, with improved year-over-year EPS and adjusted EBITDA for four consecutive quarters. Despite challenges, including a recent arbitration ruling with former partner Align Technology, the company remains focused on restructuring its balance sheet and securing additional funding to support its operations.

SmileDirectClub is also expanding its retail presence with new SmileShop locations across the U.S., offering more consumers access to its doctor-directed digital orthodontia platform. The company continues to prioritize transparency and customer trust, working closely with regulatory bodies to set new industry standards.

With a mission to democratize access to a smile everyone loves, SmileDirectClub has already helped over two million people worldwide. The company remains committed to delivering premium oral care products and services, making high-quality orthodontic solutions accessible to all.

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SmileDirectClub announces recapitalization transaction to bolster balance sheet and fuel growth initiatives. Founders commit to invest at least $20 million. Up to $60 million of additional capital available. Company voluntarily files for Chapter 11 bankruptcy. Normal operations to continue without disruption.
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SmileDirectClub intends to appeal a decision to pay Align Technology $63 million following a dispute over their supply agreement. The company believes Align procured the award through undue means and plans to file an appeal. If SmileDirectClub wins the appeal, Align will be liable for all costs incurred. The company looks forward to presenting its case during the appeals process.
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SmileDirectClub announces improved year-over-year adjusted EBITDA and free cash flow in Q2 2023
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SmileDirectClub announces the opening of eight new SmileShops in the UK and Ireland, with plans for further expansion. The company has reached its 2,000,000-customer milestone and experienced strong financial performance in the first quarter. The new locations are part of an exclusive partnership with Thérapie Clinic, a renowned aesthetic treatment provider. The partnership aims to create a unified destination for affordable orthodontic and cosmetic treatments.
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SmileDirectClub, Inc. (Nasdaq: SDC) Announces Launch of Premium Aligner Service CarePlus, Blending In-Person Doctor Visits and Virtual Check-Ins, Along with Concierge Customer Service and Enhanced Product Features
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SmileDirectClub, Inc. will report second quarter 2023 results on August 8, 2023, and host a conference call on August 9, 2023, to discuss the results.
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SmileDirectClub has reached an agreement with the Office of District of Columbia Attorney General to resolve the litigation brought against the company. The agreement addresses allegations of stifling consumer reviews and aims to increase customer transparency in the industry.
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FAQ

What is the market cap of SmileDirectClub (SDC)?

The market cap of SmileDirectClub (SDC) is approximately 29.1M.

What is SmileDirectClub's core business?

SmileDirectClub specializes in affordable, convenient teeth straightening through its innovative telehealth platform and proprietary medtech solutions.

How does SmileDirectClub's telehealth platform work?

The platform allows customers to use at-home impression kits or visit SmileShops for 3D scans, followed by customized aligner manufacturing and virtual follow-ups.

What recent innovations has SmileDirectClub introduced?

SmileDirectClub launched the AI-powered SmileMaker Platform and the premium CarePlus service, combining in-person and virtual orthodontic care.

What financial milestones has SmileDirectClub achieved recently?

The company has posted improved EPS and adjusted EBITDA for four consecutive quarters and is taking steps to restructure its balance sheet.

Where is SmileDirectClub headquartered?

SmileDirectClub is headquartered in Nashville, Tennessee, USA.

How many people has SmileDirectClub helped so far?

SmileDirectClub has helped over two million people worldwide achieve a confident smile through its innovative telehealth platform.

What is the SmileMaker Platform?

The SmileMaker Platform is an AI-powered solution that creates Custom Smile Plans for customers, enhancing the efficiency and accuracy of treatment.

How does SmileDirectClub ensure customer satisfaction?

SmileDirectClub focuses on transparency, customer feedback, and innovative solutions like CarePlus to provide a premium and satisfying customer experience.

What are SmileShops?

SmileShops are retail locations where customers can get a 3D scan of their teeth, making the start of their smile journey more accessible and convenient.

What steps is SmileDirectClub taking to restructure financially?

SmileDirectClub is working on securing additional funding, reshaping its balance sheet, and has filed for Chapter 11 protection to ensure long-term financial health.

SmileDirectClub, Inc.

Nasdaq:SDC

SDC Rankings

SDC Stock Data

29.11M
124.04M
8.27%
15.22%
22.23%
Medical Instruments & Supplies
Healthcare
Link
United States
Nashville