SmileDirectClub, Inc. (SDC) reported a wider loss in the first quarter of 2020 due to higher costs and expenses. However, the top-line increased by 11% year-over-year driven by an increase in unique aligner shipments and higher average aligner gross sales price. Take a look at the visual representation of the earnings results here The bottom line was wider than the analysts’ expectations while the top line missed consensus estimates. SmileDirectClub has entered into a new debt facility with HPS Investment Partners. After refinancing the previous debt facility, the company will have about $420 million in cash on its balance sheet, giving the liquidity needed to continue its growth plans and manage potential downsides with COVID-19.
