Investors are optimistic about SmileDirectClub (SDC) on the latest technology enhancements and upbeat guidance.
SmileDirectClub (SDC) is focused on developing transformative innovations to serve the growing needs of the current customer base and expanded segments of higher-income demographics.
Shares of SmileDirectClub (NASDAQ: SDC) were plunging today, down 19.7% as of 3:15 p.m. ET, following the release of the company's second-quarter earnings report last night. While there were actually some mild positives within the company's profit trajectory and guidance, SmileDirect missed both revenue and profit estimates. In the second quarter, SmileDirect reported revenue of $101.8 million, down 19.1% year over year, and a loss per share of $0.13, both of which missed analyst estimates.