SmileDirectClub, Inc. ('SmileDirectClub') is an oral care company and creator of the first medtech platform for teeth straightening, now also offered directly via dentist and orthodontist offices. Through its proprietary technology and vertically integrated model, SmileDirectClub is revolutionizing the oral care industry, offering consumers the ability to get clinically safe and effective treatment but without the 3x markup associated with traditional orthodontics. SmileDirectClub's mission is to democratize access to a smile each and every person loves by making it affordable and convenient for everyone, from clear aligner therapy to premium oral care products. SmileDirectClub is headquartered in Nashville, Tennessee and operates in the U.S., Canada, Australia, New Zealand, United Kingdom, Ireland, Germany, Austria, Spain, Netherlands, Hong Kong and Singapore.
Company profile
Ticker
SDC
Exchange
Website
CEO
David B. Katzman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
DENTSPLY Sirona • Envista • ZimVie • Sonendo • Biolase • Remedent • Item 9 Labs • Bruush Oral Care ...
SEC CIK
Corporate docs
Subsidiaries
Access Dental Lab, LLC • CAMF II, LLC • Ortho Lab Services, LLC • SDC Canada Inc. • SDC Financial, LLC • SDC Holding, LLC • SDC Plane, LLC • SmileDirectClub AUS PTY LTD • SmileDirectClub DEU GmbH • SmileDirectClub FR SARL ...
IRS number
834505317
SDC stock data
Latest filings (excl ownership)
8-K
SmileDirectClub Announces Plan to Drive Profitability, Positive Cash Flow
17 Jan 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
23 Nov 22
8-K
Entry into a Material Definitive Agreement
7 Nov 22
424B5
Prospectus supplement for primary offering
7 Nov 22
10-Q
2022 Q3
Quarterly report
7 Nov 22
8-K
SmileDirectClub Reports Third Quarter 2022 Financial Results
7 Nov 22
EFFECT
Notice of effectiveness
5 Oct 22
CORRESP
Correspondence with SEC
3 Oct 22
S-3/A
Shelf registration (amended)
23 Sep 22
CORRESP
Correspondence with SEC
23 Sep 22
Transcripts
SDC
Earnings call transcript
2022 Q3
8 Nov 22
SDC
Earnings call transcript
2022 Q2
9 Aug 22
SDC
Earnings call transcript
2022 Q1
10 May 22
SDC
Earnings call transcript
2021 Q4
1 Mar 22
SDC
Earnings call transcript
2021 Q3
9 Nov 21
SDC
Earnings call transcript
2021 Q2
10 Aug 21
SDC
Earnings call transcript
2021 Q1
11 May 21
SDC
Earnings call transcript
2020 Q4
5 Mar 21
SDC
Earnings call transcript
2020 Q3
16 Nov 20
SDC
Earnings call transcript
2020 Q2
12 Aug 20
Latest ownership filings
4
Susan Greenspon Rammelt
10 Jan 23
4
Susan Greenspon Rammelt
6 Jan 23
4
ALEXANDER DIMITRIEF
17 Nov 22
4
ALEXANDER DIMITRIEF
27 Jul 22
3
ALEXANDER DIMITRIEF
27 Jul 22
4
Linda Marie Williams
7 Jun 22
3
Linda Marie Williams
7 Jun 22
4
Troy W. Crawford
6 Jun 22
4
Alexander J. Fenkell
22 Apr 22
3/A
RICHARD F WALLMAN
15 Apr 22
Financial summary
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| Diluted EPS |
| Annual (USD) | Mar 22 | Dec 21 | Dec 20 | Dec 19 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 120.18 mm | 120.18 mm | 120.18 mm | 120.18 mm | 120.18 mm | 120.18 mm |
| Cash burn (monthly) | 12.69 mm | 15.62 mm | 20.77 mm | 23.51 mm | 9.20 mm | 12.51 mm |
| Cash used (since last report) | 55.20 mm | 67.93 mm | 90.31 mm | 102.25 mm | 40.00 mm | 54.41 mm |
| Cash remaining | 64.98 mm | 52.25 mm | 29.87 mm | 17.93 mm | 80.18 mm | 65.77 mm |
| Runway (months of cash) | 5.1 | 3.3 | 1.4 | 0.8 | 8.7 | 5.3 |
Institutional ownership, Q3 2022
21.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 105 |
| Opened positions | 18 |
| Closed positions | 32 |
| Increased positions | 19 |
| Reduced positions | 35 |
| 13F shares | Current |
|---|---|
| Total value | 23.48 mm |
| Total shares | 25.73 mm |
| Total puts | 3.78 mm |
| Total calls | 3.70 mm |
| Total put/call ratio | 1.0 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 9.73 mm | $8.81 mm |
| Prentice Capital Management | 4.60 mm | $4.16 mm |
| BLK Blackrock | 1.47 mm | $1.33 mm |
| C Citigroup | 1.02 mm | $927.00 k |
| Geode Capital Management | 1.01 mm | $913.00 k |
| MS Morgan Stanley | 915.93 k | $830.00 k |
| Stephens | 513.71 k | $465.00 k |
| UBS UBS Group AG - Registered Shares | 490.31 k | $444.00 k |
| Susquehanna Fundamental Investments | 479.52 k | $434.00 k |
| BMO Bank of Montreal | 423.74 k | $517.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 7 Jan 23 | Rammelt Susan Greenspon | Class A Common Stock | Payment of exercise | Dispose F | No | No | 0.48 | 78,307 | 37.59 k | 1,224,681 |
| 4 Jan 23 | Rammelt Susan Greenspon | Class A Common Stock | Payment of exercise | Dispose F | No | No | 0.35 | 31,992 | 11.20 k | 1,302,988 |
| 15 Nov 22 | Alexander Dimitrief | Class A Common Stock | Buy | Acquire P | Yes | No | 0.78 | 10,000 | 7.80 k | 10,000 |
| 25 Jul 22 | Alexander Dimitrief | Class A Common Stock | Grant | Acquire A | No | No | 0 | 250,000 | 0.00 | 250,000 |
News
Why SmileDirectClub (SDC) Stock Is Seeing Blue Skies Today
2 Feb 23
SmileDirectClub Responds To Misrepresentations By BBC
20 Jan 23
Analyst Expects Further Revenue Shorfall For Already Troubled SmileDirectClub
18 Jan 23
Why SmileDirectClub Stock Is Popping After Hours
17 Jan 23
SmileDirectClub Announces Plan To Drive Profitability, Positive Cash Flow; Preliminary Q4 Revenue $86M-$88M Vs $99.18M Est; Preliminary FY22 Revenue $470M-$472M Vs $483.94M Est; Sees Preliminary FY23 Revenue $400M-$450M Vs $489.34M Est
17 Jan 23