William Blair Downgrades SmileDirectClub Inc. (SDC) to Market Perform

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Go back to William Blair Downgrades SmileDirectClub Inc. (SDC) to Market Perform

SmileDirectClub (SDC) Plunges on Q2 Miss and Weak Guidance to Prompt At Least Four Downgrades

August 10, 2021 8:32 AM EDT

Shares of SmileDirectClub Inc (NASDAQ: SDC) are down more than 15% after the company presented weaker-than-expected Q2 results.

The company reported an adjusted loss of $0.14 per share to miss on the analyst average of a loss of $0.10 per share. Revenue came in at $174 million to again miss on the consensus of $198.5 million.

We have a singular focus on maximizing our global opportunity and extending our leading telehealth platform for orthodontia through a persistent emphasis on customer experience, improving consumer perception around credibility, driving positive sentiment with our Challenger campaign, and investing in innovation, said... More