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  "documentTitle": "SmileDirectClub | Investor Presentation Deck | 47 slides",
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      "text": "Gross margin %(1)\n70% 54% 70% 74% 76% 74% 71% 65% 4% 72% 73% 70%",
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      "text": "Gross Profit\n$151 $137 $136 $128 $119 $109 $98 $92 $82 $75 $58",
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      "text": "smile\nDIRECT CLUB",
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      "text": "Gross margin for the quarter was 70%, which represents a 288 bps decrease 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": "On COGS, we continue to leverage our manufacturing automation enhancements with our 2nd Gen machines producing over 90% of our aligners in the quarter.",
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      "kind": "source-note",
      "text": "(1) In Q4 2021, one-time costs related to the implementation of our internal treatment planning software, SmileOS and lower retail margin, primarily due to higher expansion costs and excess inventory costs had an approximate 400 bps impact on margin.",
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