SmileDirectClub Results Presentation Deck
Adjusted EBITDA & net income.
Interest Expense:
●
Taxes:
smile
DIRECT CLUB
●
Interest expense was $4 million in the
fourth quarter, associated with
borrowings on indebtedness from our
credit facility.
The interest rate on our facility is LIBOR
+ 320bps.
●
Our provision for income tax was $1.7
million in the fourth quarter.
We generated $22 million of deferred
tax assets related to net operating
losses in 2019, of which $11 million
relates to Federal, $10 million relates to
State and $1 million relates to Foreign.
No liability was recorded under our Tax
Receivable Agreement as part of our
Up-C structure during 2019.
Other:
Other expense (benefit) was ($0.6mm)
in the fourth quarter, primarily related to
foreign currency transactions.
($15mm)
Q3 2018
$4mm
Q3 2018
(1) Adjusted EBITDA is a non-GAAP financial measure. See appendix for definition of Adjusted EBITDA.
($26mm)
Q4 2018
($13mm)
Q4 2018
Net income
($20mm) ($32mm)
Q1 2019
Adj. EBITDA(¹)
($4mm)
Q2 2019
Q1 2019
$6mm
Q2 2019
($388mm)
Q3 2019
($45mm)
Q3 2019
($97mm)
Q4 2019
($60mm)
Q4 2019
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