News Formal

SmileDirectClub revenue beats expectations in first earnings report since IPO

  • 📰 CNBC
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

SmileDirectClub reports first earnings since IPO

Revenue: $180.2 million vs. $165.4 million as forecast by Refinitiv consensus estimates

Given inconsistencies with outstanding share counts for a recently public company's first quarterly report, CNBC does not compare earnings per share figures with EPS consensus estimates. SmileDirectClub reported a third-quarter net loss of $387.6 million, or a loss of 89 cents per share. That includes a $299.3 million loss from SmileDirectClub's non-controlling interest in SDC financial. The company posted a net loss of $14.95 million in the year-ago quarter."Post-IPO, our team is laser focused on execution," SmileDirectClub Chief Financial Officer Kyle Wailes said in a statement.

The start-up, founded in 2014, sells teeth aligners directly to consumers on its website and in its "SmileShops" starting at $1,895 for a two-year plan. Founders Fenkell and Jordan Katzman say they want to disrupt the orthodontics industry with less expensive teeth-straightening treatments, convenience, and splashy television and social media advertisements.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

They aren’t smiling

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Saudi Aramco prospectus details 6 risks ahead of record-breaking IPO - Business InsiderSaudi Aramco’s record-shattering IPO is on the horizon. Here are 6 of the biggest risks the company sees moving forward. BanTheSaudis يا الله🔊
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Unicorn IPO investing warnings from top wealth manager Peter Mallouk - Business InsiderAs unicorns like WeWork and Uber test the IPO market with disastrous results, America's biggest wealth manager for the ultrarich shares his best strategies for investing in unproven giants In UBER I trust Why are we calling companies that bleed billions a day, have faultering business models, toxic work cultures, etc ‘unicorns’?
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Beyond Meat insiders are rushing to sell after the company's post-IPO lockup expired. Here's how much each sold for.Even though Beyond Meat has fallen more than 67% since its record high of $234.90 in July, shares are up about 200% from the May IPO price of $25.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »