New Zealand markets closed
  • NZX 50

    12,191.06
    -156.94 (-1.27%)
     
  • NZD/USD

    0.6710
    -0.0003 (-0.05%)
     
  • ALL ORDS

    7,441.50
    -48.60 (-0.65%)
     
  • OIL

    85.64
    +0.50 (+0.59%)
     
  • GOLD

    1,837.50
    +5.70 (+0.31%)
     

Why SmileDirectClub's Spending Should Leave Investors Frowning

·4-min read
Why SmileDirectClub's Spending Should Leave Investors Frowning

Without a doubt, SmileDirectClub (NASDAQ:SDC) is in the doghouse on Wall Street. During 2021's second quarter, SmileDirectClub undoubtedly vexed some of its cost-conscious stakeholders with an adjusted operating loss of $52.7 million and negative free cash flow of $51 million. What ought to have been the greatest cause for consternation, though, was the company's penchant for spending money it doesn't actually have.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting