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SmileDirectClub, Inc. (SDC) operates a teledentistry platform that provides members with a customized clear aligner therapy treatment in the United States and internationally.
The company manages the end-to-end process, which include marketing, aligner manufacturing, fulfillment, treatment by a doctor, and monitoring through completion of their treatment proprietary with a network of approximately 250 state licensed orthodontists and general dentists through its teledentistry platform, SmileCheck.
It also offers aligners, impression kits, whitening gels, and retainers. In addition, it operates SmilePay, a financing program.
SmileDirectClub reported a Quarter December 2019 loss of $0.25 per share on revenue of $196.7 million. The consensus estimate was a loss of $0.09 per share on revenue of $198.5 million.
The company said it expects 2020 revenue of $1.00 billion to $1.10 billion. The current consensus estimate is revenue of $1.14 billion for the year ending December 31, 2020.
This stock reports earnings on May 13th.
SmileDirectClub announced that its services are now covered by United Healthcare and Blue Cross Blue Shield insurance. With this news, the stock should see a strong earnings report.
Entry point: $7.50
52-week trade range: $3.64 - $21.10
Stop/Loss: $6.85
Target Price: $8.50
SDC closed at $9.05. There may be more upside.
