SmileDirectClub Investor Presentation Deck
General & administrative.
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General and administrative expenses were $65mm in
Q1, compared to $71 million in Q1 2022 and $60mm
in Q4 22.
YOY decline due to cost reduction initiatives
since Q1 22
Increase from Q4 22 due to the reversal of
incentive compensation costs due to full year
results in Q4 22. Excluding this QOQ variance,
G&A would have declined $3mm in Q1 23.
●
●
Cost actions taken in January will achieve full run
rate savings beginning in Q2 2023
We plan to stay vigilant with cost control throughout
2023 and beyond, as we focus on continuing
to leverage this line item.
smile
DIRECT CLUB
CEST
$15
$66
Q1 2021
$1
$12
$72
Q2 2021
■ G&A
G&A expenses ($ in millions)
$1
$10
$75
Q3 2021
$4
$7
$63
Q4 2021
$5
$66
$8
$64
Q1 2022 Q2 2022
Stock-based Compensation
$8
$68
Q3 2022
$5
$55
Q4 2022
One-time Costs
27
$7
$59
Q1 2023View entire presentation