| (USD) | Jun 2023 | Q/Q |
|---|---|---|
| Revenue | 101.8MM | -57% |
| Gross Profit | 72.9MM | -55% |
| Cost Of Revenue | 28.9MM | -62% |
| Operating Income | -45MM | -69% |
| Operating Expenses | 117.9MM | - |
| Net Income | -17.8MM | -60% |
| G&A | 59.7MM | -54% |
| Marketing | 49.6MM | -69% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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A huge name (which has a jingle you know) has filed an unexpected Chapter 11 bankruptcy and warns it may close.
(Bloomberg) -- Dental aligner company SmileDirectClub Inc. will spend about two months looking for a rescuer and will liquidate if no buyer emerges, according to court papers. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonKey Taiwan Tech Firms Helping Huawei With China Chip PlantsAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.JPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Severe Crash Is Coming for US Office Properties
SmileDirectClub is hunting for a buyer in bankruptcy but risks shutting down if it can’t find one after years of losses and lawsuits involving the company’s tooth-alignment service. SmileDirectClub, once valued at $8.9 billion in its stock-market debut, filed for chapter 11 protection Friday due to weakening sales and ongoing litigation, including a recent $63 million judgment awarded to its former partner Align Technology maker of the competing Invisalign product. The company now plans to ...
(Bloomberg) -- Dental aligner company SmileDirectClub Inc. will spend about two months looking for a rescuer and will liquidate if no buyer emerges, according to court papers. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Severe Crash Is Coming for US Office Properties, Investors SayBig Tech Spared as Bond Selloff Rattles Stocks: Markets WrapJPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generati
SmileDirectClub (NASDAQ:SDC) stock crashed nearly 60% overnight as the online orthodontics company filed for Chapter 11 bankruptcy. The stock opened at just 18 cents per share, a market capitalization of under $100 million. Its IPO price in 2019 was $23 per share. The company hopes to stay in business with a $20 million “debtor in possession” infusion from its founders, and a “brief” marketing process for its remaining equity. The company said another $60 million was available “upon the satisfac
Investing.com -- Stocks were mixed, with the Dow Jones Industrial Average falling more than 250 points even after Congress struck a last-minute deal to avert a government shutdown. Jobs data are the focus this week.
A look at the stocks making headlines on Monday.
(Bloomberg) -- Dental aligner company SmileDirectClub Inc. filed for bankruptcy four years after raising $1.35 billion in an initial public offering. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownThe Chapter 11 filing in Texas on Frida
Company Intends to Maintain Normal Operations, Transforming Smiles Without DisruptionNASHVILLE, Tenn., Sept. 29, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (Nasdaq: SDC), the next generation oral care Company with the first medtech platform for teeth straightening, today announced a process to implement a comprehensive recapitalization transaction. The additional capital and stronger financial position from this recapitalization is intended to bolster the Company’s balance sheet and fuel gro
SmileDirectClub buckles under the weight of several obstacles.