SmileDirectClub Results Presentation Deck
General & administrative.
General and administrative expenses were $91
million in Q1, compared to $49 million in the prior
year period. G&A expenses were down $3.5
million sequentially.
G&A expenses in January were down 2% from
December at $32mm, down 4% in February to
$31mm, and down another 9% in March to
$28mm.
Approximately $7mm of that $28mm is non-
cash expenses such as stock-based
compensation and depreciation and
amortization.
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)
20%
30%
23%
24%
$6mm $8mm $0mm
$6mm
$24mm $38mm $42mm $47mm
(1) Percentages represent G&A as a percent of revenue, excluding stock-based compensation and IPO and other costs..
$6mm
$324mm
33%
$59mm
37% 37%
$4mm $2mm
$17mm $16mm
$73mm $73mm
Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020
G&A
Stock-based Compensation
IPO-bonuses & other costs
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