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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": "Includes a stacked bar chart with a line overlay representing G&A as a percentage of revenue.",
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      "text": "G&A expenses ($ in millions)",
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      "text": "(1) Percentages represent G&A as a percent of revenue, excluding stock-based compensation and IPO and other one-time costs..",
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      "text": "General and administrative expenses were $78 million in Q4, compared to $74 million in Q3 2020. G&A expenses were up $4 million sequentially but included $5.0 million in one-time expenses. Adjusting for this, G&A expenses were down $1 million on a quarter over quarter basis. Excluding D&A, stock-based compensation, and one-time items, G&A expenses remain down $10 million, or 14%, versus Q4 of 2019.",
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      "text": "The stability throughout the quarter was a direct result of the cost control initiatives we discussed on prior 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.",
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      "kind": "list",
      "text": "Our long-term target of 15% of revenue remains intact.",
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      "text": "One-time items: Q4'19 – IPO related bonuses and related costs. Q1/Q2'20 – One time severance (COVID). Q3 – International one-time severance (COVID). Q4 - $4.8mm legal settlement accrual. Remainder is international severance (COVID).",
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