The Company expects to introduce an additional $120M-$140M in savings in 2023 excluding transition costs and place SmileDirectClub on a path to positive cash flow in late 2023. "These actions are the natural next steps in the changes we introduced in 2022 to realign our operations in order to execute against our growth opportunity with efficiency and financial discipline," said David Katzman, Chief Executive Officer of SmileDirectClub. "We are pleased with the progress we’ve made with the introduction of our innovative SmileMaker Platform and the upcoming launch of our CarePlus premium offering, as we design a technology-led product portfolio that continues to give consumers choice, convenience and affordability in oral care."
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on SDC:
