Why SmileDirectClub Tanked by 11% on Tuesday
For the quarter, SmileDirectClub posted total revenue of $152 million, which was a chunky (20%) improvement over the same period of 2021. This shook out to a mixed quarter for SmileDirectClub, as analysts tracking its stock were estimating it would book slightly over $134 million on the top line, but a slightly narrower per-share net loss of $0.16. "We are off to a good start for 2022 and on plan with the right-sizing of our operating structure and allocating capital to core growth initiatives that can produce the highest return on investment," CEO David Katzman said of the quarter.