SmileDirectClub falls on lower Q3 revenue

SmileDirectClub

08/11/2022 19:31

** Shares of dental products maker SmileDirectClub  SDC.O 
fall as much as 12.4% to 63 cents  
    ** Late on Monday, SDC reported Q3 revenue of $106.77 mln vs
$137.68 mln reported last year 
    ** Co says it had Q3 unique aligner shipments of 52,367,
which were down 16.5% from Q2
    ** Co says challenges to consumer spending and sustained
high inflation continue to impact its overall expected demand
for 2022 
    ** Posts Q3 loss of 18 cents per share vs loss of 23 cents
per share a year ago 
    ** Including session's move, SDC down ~73% YTD 
 (Reporting by Bhanvi Satija in Bengaluru)
 ((Bhanvi.Satija@thomsonreuters.com; Outside U.S. +91
9873062788;))