SmileDirectClub sees FY23 revenue $400M-$450M, consensus $489.34M

Once implemented, the changes are expected to protect the investment in SmileDirectClub’s strategic priorities while right-sizing the cost structure of the core business with the potential to drive positive Adjusted EBITDA by Q3 2023. These changes include anticipated reductions in general and administrative expenses of $50M to $55M and reductions in marketing and selling costs of $60M to $65M with a focus on greater efficiency. For the year ended December 31 , the Company expects total revenue to be in the range of $400M to $450M for the core business, which does not include any anticipated revenue upside from its upcoming United States rollout of the SmileMaker Platform or the launch of its CarePlus program. As these initiatives are introduced to the market at scale, the Company will provide more details and additional full-year expectations in the future. Sees FY23 Gross margin range of 72.0% to 75.0%;Adjusted EBITDA range of ($35M to ($5M , with positive Adjusted EBITDA by Q3 2023;CapEx range of $35M to $45M.