SmileDirectClub Results Presentation Deck
General & administrative.
General and administrative expenses were $69
million in Q2, compared to $91 million in Q1
2020. G&A expenses were down $22.3 million
sequentially.
G&A expenses in April were down 12% from
March, down 7% in May, and down another 10%
in June.
Year to date, our monthly G&A expense has
declined at an average of 7% per month
since December.
This decline throughout the quarter was a direct
result of the cost control initiatives we discussed
on last quarter's earnings call.
We plan to stay vigilant with cost control
throughout the remainder of the year and
beyond, as we focus on continuing to
leverage this line item.
smile
DIRECT CLUB
General & administrative expenses(¹)
23%
$8mm
$42mm
24%
$0mm
$47mm
$6mm
(1) Percentages represent G&A as a percent of revenue, excluding stock-based compensation and IPO and other costs..
$324mm
33%
$59mm
37%
37%
$4mm $2mm
$17mm
$16mm
$73mm $73mm
54%
G&A
Stock-based Compensation
IPO-bonuses & other costs
11mm
Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020
$58mm
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