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  "documentTitle": "SmileDirectClub | Investor Presentation Deck | 47 slides",
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      "text": "Sequential Revenue & Gross Profit ($ in millions)\n$138 $98 ($54) ($64)\nQ3 2021\n$107 $75 ($30) ($35)\nQ3 2022\nRevenue Gross Profit Adjusted EBITDA FCF",
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      "text": "smile\nDIRECT CLUB",
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      "text": "Q3 Adjusted EBITDA(1) was $(29.7mm) for the quarter, a $24.3mm year-over-year improvement compared to Q2 2022, despite a ($30.9mm) decrease in revenue driven primarily for recognizing savings for a full quarter from cost actions taken in January.",
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      "text": "Net loss for the quarter was ($69.7mm).",
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      "text": "Gross margin for the quarter was 70.0%, which represents a (134 bps) decline year-over-year, and a (288 bps) decline compared to Q2 2022.\nNormalizing for a one-time inventory impairment of $1.1 million in the quarter yields a 71% gross margin for Q3 2022",
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      "text": "Revenue for the quarter was $106.8 million, which is down (22.5%) year-over-year and down (15.1%) over Q2 2022, due to continued macroeconomic headwinds impacting our customers.",
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      "text": "Q3 Free Cash Flow improved $0.7 million compared to Q2 2022 and improved $28.8 million compared to Q3 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. Prior period reconciliations are available in historical SEC filings at https://investors.smiledirectclub.com/financial-filings/sec-filings.",
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      "text": "Q3 2022 QoQ YoY\nNet Revenue $ 106.8mm (15.1%) (22.5%)\nGross Profit $ 74.8mm (18.5%) (23.9%)\nGross Margin % 70.0% (288 bps) (134 bps)\nAdjusted EBITDA(1) $ (29.7mm) $ (6.5mm) $ 24.3mm\nEPS, Diluted $ (0.18) $ (0.01) $ 0.05\nFree Cash Flow(1) $ (34.9mm) $ 0.7mm $ 28.8mm",
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      "text": "Q3 2022 revenue decreased $30.9 million compared to Q3 2021 while Adjusted EBITDA improved $24.3 million",
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