SmileDirectClub reports Q2 loss but beats revenue estimates

SmileDirectClub released its financial results for the second quarter ended June 30, reporting a 45 percent year-over-year revenue loss.

The report, released Aug. 12, showed the Nashville, Tenn.-based clear aligner therapy company earned revenue of $107 million in the second quarter, beating average analysts' forecasts of $84.2 million, according to The Motley Fool.

The company sent out 57,136 unique aligner shipments in the second quarter. The average gross sales price for one aligner was $1,817, up from $1,761 for the second quarter of 2019. Additional positive reports include SmileDirectClub's Q2 sales and marketing expense of $35 million, which comprises 32 percent of revenue, compared to 72 percent of revenue spent on sales and marketing in the year's first quarter.

"Our performance in the quarter, and more importantly since the quarter, reflects the strength of our teledentistry platform, along with the flexibility and agility of our business model, both in the context of our COVID-19 recovery efforts and our traction toward our long-term growth and margin targets,” SmileDirectClub's CEO, David Katzman, said in a news release.

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