SmileDirectClub's Fourth Quarter Losses Worse Than Expected
After the bell on Tuesday, SmileDirectClub (NASDAQ: SDC) reported results from the last three months of 2019 that failed to meet expectations that the company laid out in November. Although top line revenues rose 53.1% year-over-year to $197 million, the company also reported a wider than expected loss on the bottom line.
In November, SmileDirectClub told investors its adjusted loss before interest, taxes, depreciation, and amortization (EBITDA) in 2019 would fall in a range that topped out at $80 million. On Tuesday, the company reported a net loss of $538 million and adjusted EBITDA that was $103 million in the red -- which should be enough to make any shareholder nervous.
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Source Fool.com
