SmileDirectClub shines on Q1 sales beat

SmileDirectClub

10/05/2023 10:22

** Shares of medtech firm SmileDirectClub Inc  SDC.O  up 15%
at 46 cents premarket on Q1 sales beat
    ** Co reports Q1 revenue of $119.78 mln vs est of $107.25
mln - Refinitiv Data
    ** Co also reports smaller Q1 loss compared with last year
    ** CEO David Katzman says "Our core business continued to
perform well despite the continuing macroeconomic challenges"
    ** Up to last close, stock had risen 14% YTD

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))