Who owns SmileDirectClub?

Jordan Katzman is the co-founder of SmileDirectClub since its inception in May 2014. Mr. Katzman first gained critical online e-commerce experience co-founding two technology companies with Mr.

How did SmileDirectClub start?

SmileDirectClub was founded on the belief that affordable and convenient premium oral care should be accessible to everyone. Since our founding in 2014, SmileDirectClub has helped more than 1.8 million people transform their smiles through our pioneering telehealth platform for orthodontia.

Is SmileDirectClub owned by Invisalign?

SmileDirectClub and Align Technology

In 2016, the USA-based global medical appliance company that makes Invisalign aligners – Align Technology – bought nearly 20 per cent of SmileDirectClub and now makes other types of aligners for SDC.

What is happening to SmileDirectClub?

SmileDirectClub stock is down 81% in the last 12 months

SmileDirectClub’s bearish form can be heavily linked to its declining revenue. Since fiscal 2019, the company has seen a 32% decrease in yearly revenues. Estimates also indicate that it will end fiscal 2022 with a 24.1% decline in revenue.

Who owns SmileDirectClub? – Related Questions

Is SmileDirectClub FDA approved?

There is no investigation into SmileDirectClub by the Food and Drug Administration or the FTC, and SmileDirectClub is in full compliance with FDA regulations, including its 510K manufacturing certification.

Will SmileDirectClub survive?

SmileDirectClub has some legitimate survival risk, and the company may need to make significant changes or find funding if the business is to survive. If it keeps posting negative cash flows, the company will quickly find itself in some serious financial difficulties.

How much debt does SmileDirectClub have?

When Might SmileDirectClub Run Out Of Money? A company’s cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. As of December 2021, SmileDirectClub had cash of US$225m and a debt of US$730m.

Is SmileDirectClub faster than braces?

How fast is the treatment? The treatment times for both Smile Direct Club and Invisalign are faster than conventional metal braces. Clear aligner treatment times are influenced by a number of factors, including your ability to adhere to the treatment guidelines, as well as the severity of your misalignment.

Is SDC profitable?

What was SDC’s revenue growth in the past year? As of Q1 2023, Smiledirectclub’s revenue has grown -26.64% year over year. This is 36.3 percentage points lower than the US Medical Devices industry revenue growth rate of 9.66%. Smiledirectclub’s revenue in the past year totalled $510.50 million.

Why is SDC stock so low?

Poor Financial Results

For a new company, top line metrics are the most important, and we’ve seen a dramatic decrease in quarterly revenue on a year-over-year basis, as the company saw a decline of 27.8% in net revenue. Bottom line metrics performed a bit better, but still deteriorated since the same quarter in 2021.

Should I invest in SDC?

SmileDirectClub, Inc.

may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of SDC, demonstrate its potential to underperform the market. It currently has a Growth Score of C.

Will SDC go up?

Stock Price Forecast

The 5 analysts offering 12-month price forecasts for SmileDirectClub Inc have a median target of 0.75, with a high estimate of 1.00 and a low estimate of 0.50. The median estimate represents a +7.14% increase from the last price of 0.70.