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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": "The table displays financial data in millions of dollars for Q2 2019 through Q2 2020.",
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      "text": "(1) Adjusted EBITDA is a non-GAAP financial measure. See appendix for definition of Adjusted EBITDA. (2) Includes approximately $100 million set aside for IPO expenses and future payments or distributions as referenced in our S-1.",
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      "text": "We ended the first quarter with $389 million in cash and cash equivalents. Cash from operations for the second quarter was negative $15 million, driven by negative $20 million of Adjusted EBITDA. The remainder is driven by positive changes in working capital.",
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      "text": "Cash spent on investing for the second quarter was $19.7 million, mainly associated with leasehold improvements, capitalized software and building our manufacturing automation.",
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      "text": "We have seen significant improvement in free cash flow quarter over quarter. Negative $35 million in Q2, down from negative $99 million in Q1, and negative $181 million in Q4 2019.",
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