SmileDirectClub Investor Presentation Deck
Other expenses, Adjusted EBITDA & net income.
Net income ($ in millions)
●
●
Interest Expense:
●
Interest expense was $15.4 million in
the fourth quarter, mostly associated
with borrowings on indebtedness from
our credit facility. This expense will
mostly go away once we repay our
existing debt facility with the convert
proceeds.
Lease Abandonment and Impairment:
We had a gain of $3.1mm mostly
associated with gains on a settlement
of lease liabilities that were previously
recognized as an expense in Q2 with
our Kyle, TX facility.
Store Closure Costs
smile
DIRECT CLUB
We had expense of $0.8mm associated
with optimizing our store footprint.
Other:
Expense of $1.9mm, which is primarily
related to a one-time legal expense
$(388)
settlement of $5.0mm, offset by
currency gains recognized in the
quarter of $3.1mm.
(1) Adjusted EBITDA is a non-GAAP financial measure. See appendix for definition of Adjusted EBITDA.
Q3 2019
$(45)
Q3 2019
$(97)
Q4 2019
$(60)
$(107)
Q4 2019
Q1 2020
$(67)
$(95)
Adj. EBITDA(¹) ($ in millions)
Q1 2020
Q2 2020
$(20)
$(43)
Q2 2020
Q3 2020
$3
Q3 2020
$(32)
Q4 2020
$7
Q4 2020
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