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Smiledirectclub Inc (SDC)

Smiledirectclub Inc (SDC)
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SmileDirectClub, Inc. is an oral care company and claims to be the creator of the first MedTech platform for teeth straightening. By its new teledentistry technology and vertically integrated model, it's playing a key role in the oral care industry. It offers professional-level service and high-quality doctor's reviewed clear aligners at a low cost. It has developed a number of proprietary processes and technologies, like complex software solutions, laser, destructive & white light scanning techniques, stereolithography, 3D printing, and thermoforming. The manufacturing is performed by Access Dental Lab, LLC, its wholly owned subsidiary. Its proprietary teledentistry platform, SmileCheck enables marketing to aligner manufacturing, fulfillment, treatment by a member's doctor, and monitoring through completion of their treatment. Its financing program, SmilePay is a convenient monthly payment plan. It accepts insurance and is in-network with UnitedHealthcare, Aetna, Anthem, Cigna, Guardian, HUMANA and MetLife.
(Values in U.S. Thousands) Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019 Dec, 2018
Sales 470,740 637,610 656,780 750,430 423,230
Sales Growth -26.17% -2.92% -12.48% +77.31% +189.98%
Net Income -86,400 -102,440 -78,370 -114,510 -74,770
Net Income Growth +15.66% -30.71% +31.56% -53.15% -128.10%
(Values in U.S. Thousands) Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019 Dec, 2018
Total Assets 597,060 794,560 884,790 885,650 555,190
Total Assets Growth -24.86% -10.20% -0.10% +59.52% unch
Total Liabilities 982,260 928,910 650,650 427,360 257,000
Total Liabilities Growth +5.74% +42.77% +52.25% +66.29% unch
(Values in U.S. Thousands) Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019 Dec, 2018
Operating Cash Flow -158,170 -141,520 -83,570 -333,190 -114,790
Operating Cash Flow Growth -11.77% -69.34% +74.92% -190.26% -279.22%
Net Cash Flow -106,460 -91,860 -1,730 4,530 309,860
Change in Net Cash Flow -15.89% -5,209.83% -138.19% -98.54% +13,398.72%
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