The company released its third quarter financial report Nov. 7.
Here are four notes about the company’s third quarter results:
1. The company’s net sales saw a 5% increase from the third quarter of 2023.
2. The company’s net loss was $494 million for the third quarter, compared to $266 million in the third quarter of 2023.
3. The company also lowered its organic sales outlook, citing ongoing market pressures impacting equipment in the U.S. and its recent decision to suspend the sale and marketing of its Byte clear aligners and impression kits.
4. For its 2024 outlook, the company now expects net sales to be between $3.79 billion and $3.83 billion. It also expects organic sales to be in the range of 3.5% to 2.5% year-over-year.
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