Smiledirectclub Inc - Ordinary Shares - Class A

NASDAQ:SDC   3:59:59 PM EDT
7.79
+0.19 (+2.50%)
Other Pre-Announcement

Smiledirectclub Inc Says That It Experienced A Systems Outage That Was Caused By A Cybersecurity Incident On April 14, 2021

Published: 05/03/2021 21:16 GMT
Smiledirectclub Inc - Ordinary Shares - Class A (SDC) - Announced That It Experienced a Systems Outage That Was Caused by a Cybersecurity Incident on April 14, 2021.
Smiledirectclub - Implemented Series of Measures , Including Temporarily Isolating & Shutting Down Affected Systems,related Manufacturing Operations.
Smiledirectclub - Was Able to Successfully Block Attack, No Ransom Was Paid, and Co’s Systems and Operations Are Back Online and Performing Normally.
Expects That the Incident May Have a Material Impact on Its Business Operations and Financial Results in the Second Quarter.
Smiledirectclub - Now Expects Second Quarter 2021 Revenue to Be Approximately $195 - $200 Million, and Adjusted EBITDA to Be Approximately Break-even.
Expected to Announce First Quarter Total Revenue of $199.5 Million, Up 8% Over the Fourth Quarter, and Up 1.4% Year-over-year.
Expected to Announce First Quarter Diluted Loss per Share of $0.25.
Q1 Earnings per Share View $-0.09, Revenue View $196.6 Million -- Refinitiv Ibes Data (analyst estimates).
Q2 Revenue View $206.6 Million -- Refinitiv Ibes Data (analyst estimates).