SmileDirectClub Results Presentation Deck
Adjusted EBITDA & net income.
Interest Expense:
●
Interest expense was $4.0 million in the
first quarter, associated with borrowings
on indebtedness from our credit facility.
Taxes:
smile
DIRECT CLUB
Our provision for income tax was $2.0
million in the first quarter.
We generated $30 million of
deferred tax assets related to net
operating losses in Q1 2020, of
which $17 million relates to
Federal, $12 million relates to
State and $1 million relates to
Foreign.
Other:
No liability was recorded under our
Tax Receivable Agreement as part
of our Up-C structure during Q1
2020.
Other expense was $4.9mm in the first
quarter, primarily related to non-cash
foreign currency transactions.
($15mm) ($26mm) ($20mm) ($32mm)
Q3 2018 Q4 2018
$4mm
Net income
(1) Adjusted EBITDA is a non-GAAP financial measure. See appendix for definition of Adjusted EBITDA.
Q1 2019
($13mm) ($4mm)
Q3 2018 Q4 2018 Q1 2019
Q2 2019
Adj. EBITDA(¹)
$388mm
$6mm
Q3 2019
$45mm)
($97mm) $107mm
Q4 2019 Q1 2020
$60mm
($67mm)
Q2 2019 Q3 2019 Q4 2019 Q1 2020
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