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  "documentTitle": "SmileDirectClub | Investor Presentation Deck | 24 slides",
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  "authorName": "SmileDirectClub",
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  "presentationDate": "2021-03-01 00:00:00",
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  "notes": "The slide highlights a recovery in gross margin following a dip in Q2 2020.",
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      "text": "Gross margin for the quarter was 74%, a 323bps increase sequentially. Gross profit was up 15% sequentially. On COGS, we are making good progress on manufacturing automation with our 2nd Gen machines now live and producing approximately 60% of our aligners. We plan to increase that percentage significantly over the course of the year, and we expect over 90% by the end of Q2. As we have often stated, we believe streamlining our cost profile through operational efficiencies, will not only improve our margin profile, but more importantly, will provide a consistently superior customer experience that meets our expectations and upholds our brand promise. Our long-term gross margin target of 85% of revenue remains intact.",
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