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  "documentTitle": "SmileDirectClub | Investor Presentation Deck | 48 slides",
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  "presentationDate": "2022-08-01 00:00:00",
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      "text": "Sequential Revenue & Gross Profit ($ in millions)\n$152\n$109\n($34)\n($76)\nQ1 2022\n$126\n$92\n($23)\n($36)\nQ2 2022\nRevenue\nGross Profit\nAdjusted EBITDA\nFCF",
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      "text": "smile\nDIRECT CLUB",
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      "text": "Revenue for the quarter was $125.8 million, which is down (27.8%) year-over-year and down (17.0%) over Q1 2022, due to the seasonal trends for Q1 to Q2 and increased macroeconomic headwinds impacting our customers.\nGross margin for the quarter was 72.9%, which represents a (76 bps) decline year-over-year, and a 131 bps increase compared to Q1 2022.\nQ2 Adjusted EBITDA(1) was $(23.2mm) for the quarter, an improvement of $11.3mm compared to Q1 2022, despite a ($25.9mm) decrease in revenue driven primarily for recognizing savings for a full quarter from cost actions taken in January.\nNet loss for the quarter was ($65.5mm).\nQ2 Free Cash Flow improved $40.8 million compared to Q1 2022 and improved $17.7 million compared to Q2 2021",
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      "text": "(1) Adjusted EBITDA and Free Cash Flow are non-GAAP financial measure. See appendix for definition of Adjusted EBITDA and Free Cash Flow.\nPrior period reconciliations are available in historical SEC filings at https://investors.smiledirectclub.com/financial-filings/sec-filings.",
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      "text": "Q2 2022\nQoQ\nYOY\nNet Revenue\n$ 125.8mm\n(17.0%)\n(27.8%)\nGross Profit\n$ 91.7mm\n(15.5%)\n(28.5%)\nGross Margin %\n72.9%\n131 bps\n(76 bps)\nAdjusted EBITDA(1)\n$ (23.2mm)\n$ 11.3mm\n$ (0.7mm)\nEPS, Diluted\n$ (0.17)\n$ 0.02\n$ (0.03)\nFree Cash Flow(1)\n$ (35.6mm)\n$ 40.8mm\n$ 17.7mm",
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      "text": "Q2 2022 revenue decreased $25.9 million compared to Q1 2022 while Adjusted EBITDA improved $11.3 million",
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