SDC · Smiledirectclub, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $101.80M | - | - | $106.77M | $125.80M | - | - | - | - | - |
| Cost of Revenue | $28.88M | - | - | $39.41M | $34.08M | - | - | $39.41M | $45.86M | $47.96M |
| Gross Profit | $72.91M | - | - | $74.78M | $91.72M | - | - | $98.27M | $128.32M | $151.50M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $59.75M | - | - | $75.51M | $72.32M | - | - | $85.66M | $85.04M | $81.08M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $15.52M | - | - | $19.11M | $19.58M | - | - | $18.49M | $16.71M | $16.46M |
| Operating Income | ($45.00M) | - | - | ($62.31M) | ($54.96M) | - | - | ($85.03M) | ($53.20M) | ($27.83M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $492.0K | - | - | $739.0K | $256.0K | - | - | ($119.0K) | ($12.0K) | $1.71M |
| Net Income | ($17.77M) | - | - | ($21.67M) | ($20.30M) | - | - | ($27.39M) | ($16.88M) | ($28.91M) |
| EPS - Basic | ($0.13) | - | - | ($0.18) | ($0.17) | - | - | ($0.23) | ($0.14) | ($0.25) |
| EPS - Diluted | ($0.13) | - | - | ($0.18) | ($0.17) | - | - | ($0.23) | ($0.14) | ($0.25) |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $57.99M | $86.25M | $118.40M | $120.18M | $158.26M | $144.75M | $224.86M | $307.65M | $376.65M | $434.55M |
| Accounts Receivable | $130.13M | $135.71M | $143.08M | $152.53M | $166.53M | $181.65M | $184.56M | $195.78M | $214.32M | $225.39M |
| Inventory | $35.56M | $40.03M | $44.39M | $44.24M | $43.11M | $39.02M | $40.80M | $38.95M | $32.95M | $28.60M |
| Accounts Payable | $35.69M | $34.88M | $30.51M | $36.10M | $33.78M | $18.29M | $19.92M | $19.91M | $22.64M | $20.62M |
| Current Assets | $212.49M | $251.59M | $297.42M | $338.04M | $391.72M | $390.22M | $467.74M | $562.26M | $642.00M | $698.90M |
| Total Assets | $498.71M | $545.61M | $597.06M | $631.80M | $700.56M | $710.25M | $794.56M | $886.10M | $960.38M | $1.01B |
| Current Liabilities | $111.73M | $112.24M | $116.80M | $147.78M | $154.30M | $163.35M | $178.24M | $175.01M | $163.50M | $170.90M |
| Long-term Debt | $863.41M | $860.20M | $849.38M | $788.16M | $785.96M | $730.99M | $729.97M | $733.18M | $733.41M | $734.74M |
| Total Liabilities | $988.82M | $987.48M | $982.26M | $953.66M | $959.10M | $913.79M | $928.91M | $931.81M | $926.31M | $932.17M |
| Stockholders' Equity | ($490.11M) | ($441.87M) | ($385.20M) | ($321.87M) | ($258.54M) | ($203.54M) | ($134.35M) | ($45.72M) | $34.08M | $80.21M |
| Retained Earnings | ($420.92M) | ($403.14M) | ($381.73M) | ($359.88M) | ($338.21M) | ($317.90M) | ($295.32M) | ($266.06M) | ($238.67M) | ($221.79M) |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | - | - | - | - | - | - | ($28.34M) |
| Investing Cash Flow | - | - | - | - | - | - | - | - | - | ($22.98M) |
| Financing Cash Flow | - | - | - | - | - | - | - | - | - | $168.76M |
| CapEx | - | - | - | - | - | - | - | - | - | $22.98M |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | ($51.32M) |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 71.6% | - | - | 70.0% | 72.9% | - | - | - | - | - |
| Operating margin | -44.2% | - | - | -58.4% | -43.7% | - | - | - | - | - |
| EBITDA margin | -29.0% | - | - | -40.5% | -28.1% | - | - | - | - | - |
| Net margin | -17.5% | - | - | -20.3% | -16.1% | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | 1.78 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 58.7% | - | - | 70.7% | 57.5% | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -3.6% | - | - | -3.4% | -2.9% | - | - | -3.1% | -1.8% | -2.9% |
| Return on equity | 3.6% | - | - | 6.7% | 7.9% | - | - | 59.9% | -49.5% | -36.0% |
| Return on invested capital | -9.5% | - | - | -10.6% | -8.2% | - | - | -9.8% | -5.5% | -2.7% |
| Liquidity | ||||||||||
| Current ratio | 1.90 | 2.24 | 2.55 | 2.29 | 2.54 | 2.39 | 2.62 | 3.21 | 3.93 | 4.09 |
| Quick ratio | 1.58 | 1.88 | 2.17 | 1.99 | 2.26 | 2.15 | 2.40 | 2.99 | 3.73 | 3.92 |
| Cash ratio | 0.52 | 0.77 | 1.01 | 0.81 | 1.03 | 0.89 | 1.26 | 1.76 | 2.30 | 2.54 |
| Leverage | ||||||||||
| Debt / Equity | -1.76 | -1.95 | -2.21 | -2.45 | -3.04 | -3.59 | -5.43 | -16.04 | 21.52 | 9.16 |
| Debt / Assets | 1.73 | 1.58 | 1.42 | 1.25 | 1.12 | 1.03 | 0.92 | 0.83 | 0.76 | 0.73 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -1.02 | -1.23 | -1.55 | -1.96 | -2.71 | -3.49 | -5.91 | -19.38 | 28.18 | 12.62 |
| Liabilities / Assets | 1.98 | 1.81 | 1.65 | 1.51 | 1.37 | 1.29 | 1.17 | 1.05 | 0.96 | 0.92 |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | - | - | 0.17 | 0.18 | - | - | - | - | - |
| Inventory turnover | 0.81 | - | - | 0.89 | 0.79 | - | - | 1.01 | 1.39 | 1.68 |
| Days sales outstanding | 467d | - | - | 521d | 483d | - | - | - | - | - |
| Days inventory outstanding | 449d | - | - | 410d | 462d | - | - | 361d | 262d | 218d |
| Days payable outstanding | 451d | - | - | 334d | 362d | - | - | 184d | 180d | 157d |
| Cash conversion cycle | 465d | - | - | 597d | 583d | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -19.1% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -20.5% | - | - | -23.9% | -28.5% | - | - | -17.2% | 120.1% | 10.7% |
| Operating income growth (YoY) | 18.1% | - | - | 26.7% | -3.3% | - | - | -206.3% | 28.1% | 71.2% |
| Net income growth (YoY) | 12.5% | - | - | 20.9% | -20.3% | - | - | -117.6% | 37.0% | 1.2% |
| EPS growth (YoY) | 23.5% | - | - | 21.7% | -21.4% | - | - | -109.1% | 44.0% | 10.7% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | 47.9% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -89.6% | -117.1% | -186.7% | -604.1% | - | - | - | - | -88.6% | -78.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$637.61M totalNorth America Excluding Mexico$525.37M · 82.4%
Rest Of The World Excluding United States And Mexico$112.25M · 17.6%
Peer comparison
Same SIC group: Dental Equipment & Supplies
Comparing SmileDirectClub against the 5 most active filers in the same SIC group.