Brief: Smiledirectclub Reports Fourth Quarter And Full Year 2021 Financial Results

SmileDirectClub

28/02/2022 21:04

Feb 28 (Reuters) - Smiledirectclub Inc  SDC.O :
    * SMILEDIRECTCLUB REPORTS FOURTH QUARTER AND FULL YEAR 2021
FINANCIAL RESULTS
    * Q4 LOSS PER SHARE $0.87
    * Q4 REVENUE FELL 31.6 PERCENT TO $126 MILLION
    * SEES FY REVENUE $600 MILLION TO $650 MILLION
    * Q4 UNIQUE ALIGNER SHIPMENTS OF 66,133.
    * Q4 AVERAGE ALIGNER GROSS SALES PRICE ("ASP") OF $1,899 FOR
Q4 OF
2021, COMPARED TO $1,820 FOR Q4 OF 2020
    * MACROECONOMIC HEADWINDS IMPACTING SPENDING OF CORE
DEMOGRAPHIC
AND BUSINESS HAVE CONTINUED FROM EARLY IN SUMMER AND THROUGH Q4
    * TOOK ACTIONS IN JANUARY TO REDUCE COSTS TO OPTIMIZE OUR
OPERATING STRUCTURE
    * REMAIN OPTIMISTIC ON OUR BUSINESS OUTLOOK FOR 2022 AND
BEYOND

Source text for Eikon:  ID:nGNX1y9LBw 
Further company coverage:  SDC.O