SmileDirectClub Results Presentation Deck
General & administrative.
ā
General and administrative expenses were $74
million in Q3, compared to $69 million in Q2
2020. G&A expenses were up $5.4 million
sequentially
This is mostly driven by the return of team
members from furlough, offset by continued
leverage in other G&A spend
G&A expenses increased from June to July due to
bringing back team members from furlough. G&A
remained flat through the balance of the quarter
Year to date, our quarterly G&A is down 22%
from 4Q19
The stability 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
Our long-term target of 15% of revenue
remains intact
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smile
DIRECT
CLUB
General & administrative expenses (1)
23%
24%
$8mm $0mm
$42mm $47mm
$6mm
(1) Percentages represent G&A as a percent of revenue, excluding stock-based compensation and IPO and other costs..
$324mm
33%
37%
$4mm
$17mm
38%
$2mm
$16mm
$73mm $73mm
$59mm
54%
38%
G&A
Stock-based Compensation
IPO-bonuses & other costs
$0mm
$58mm $63mm
Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020
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