Have you ever heard of SmileDirectClub (ticker symbol: SDC), a U.S. stock?
It is a company that provides orthodontic services.
This time, I would like to introduce the company’s financial results for the period from April to June 2021, which were announced on August 9, 2021.
Financial Results for April to June 2021
EPS: -14¢ vs. forecast of -9¢.
Net sales of $174 million versus $199 million expected.
Sales growth rate was 62.7% YoY.
Sales by region were $145 million in the US and Canada. Sales in other regions were $28.7 million.
Gross profit was $128 million. Gross profit was $128 million, an increase of 120.1% from the same period last year.
Operating cash flow was -$15.5 million. Cash flow from operations was -$15.5 million, compared to -$31 million in the same period last year.