Earnings

SmileDirectClub (SDC) earnings Q1 2020

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A view of atmosphere at the launch of SmileDirectClub’s Smile Kit at Macy’s Roosevelt Field Mall on June 30, 2018 in Garden City, New York.

Gary Gershoff | Getty Images

SmileDirectClub posted a bigger-than-expected quarterly loss on Wednesday and said it expects to operate with a smaller shop footprint going forward, with the company focusing on dental impression kits business amid the COVID-19 lockdowns.

Shares of the company were down 3.5% at $7.45 in extended trading.

The online dental company sells clear plastic aligners prescribed by doctors by taking an impression of customers’ teeth either at one of its over 400 SmileShops or through impression kits that customers can purchase…



Source cnbc.com

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