SmileDirectClub Q1 financial report: A mixed bag

Nashville, Tenn.-based SmileDirectClub has announced its financial results for 2021's first quarter, ending March 31.

The company reported first-quarter total revenue of $199 million, up 8 percent over the fourth quarter of 2020 and 1 percent over the prior year period. The company also reported first-quarter net loss of $96 million, a decline of 11 percent over the prior year period.

SmileDirectClub is adjusting revenue expectations for the second quarter after a recent cyberattack, though its long-term revenue growth targets remain unchanged.

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