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  "documentTitle": "SmileDirectClub | Results Presentation Deck | 23 slides",
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  "authorName": "SmileDirectClub",
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  "presentationDate": "2020-08-01 00:00:00",
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  "notes": "Includes footnotes regarding non-GAAP measures and one-time charges.",
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      "text": "(1) Adjusted EBITDA is a non-GAAP financial measure. See appendix for definition of Adjusted EBITDA. (2) Includes one-time charges of approximately $(43) million related to lease abandonment, impairment of long-lived assets, other related charges, and loss on extinguishment of debt. Excluding such charges, second quarter net loss was $(52) million and second quarter diluted EPS was $(0.13).",
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      "text": "Revenue for the quarter was $107 million, which represents a decrease of 45% over the second quarter of 2019. This decrease was driven primarily by a 53% YoY decrease in aligner shipments which came in at 57,136. In Q2 we saw our cancellations increase from 5.3% to 6.5% of gross aligner revenue. We do not believe this increase will be permanent; however, we want to be conservative given the uncertainty of our COVID operating environment. Gross margin for the quarter was 54%. Decline is described in more detail on the following page. Q2 Adjusted EBITDA(1) was negative $20mm for the quarter. This is a sequential improvement of 70%.",
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      "text": "Net Revenue $107.1mm -45%; Gross Profit $58.3mm -64%; Gross Margin % 54% -2,785bps; Adjusted EBITDA(1) $(20.3)mm NM; EPS, Diluted(2) $(0.25) NA",
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