NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — SmileDirectClub Inc. (SDC) on Tuesday reported a loss of $21.8 million in its fourth quarter.
On a per-share basis, the Nashville, Tennessee-based company said it had a loss of 18 cents.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The direct-to-consumer teeth-straightening company posted revenue of $86.5 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $87 million.
For the year, the company reported a loss of $86.4 million, or 71 cents per share. Revenue was reported as $470.7 million.
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