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  "documentTitle": "SmileDirectClub | Investor Presentation Deck | 42 slides",
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  "authorName": "SmileDirectClub",
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  "presentationDate": "2023-08-01 00:00:00",
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      "kind": "chart",
      "text": "Gross Profit\n$152 $128 $98 $82 $109 $92 $75 $53 $87 $73\nQ1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023",
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      "text": "Gross margin %(1)\n76% 74% 71% 65% 4% 72% 73% 70% 61% 73% 72%\nQ1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023",
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      "kind": "paragraph",
      "text": "Gross margin for the quarter was 71.6%, which represents a (91 bps) decrease from prior year and a (129 bps) decrease compared to Q1 2023.\nLower gross margin rate was driven by the deleveraging of fixed expenses on lower aligner volumes.",
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      "kind": "paragraph",
      "text": "The Q2 2023 decline in gross margin dollars compared to prior year was driven by lower aligner shipments as a result of the challenging macroeconomic environment.\nSequential first quarter to second quarter gross profit dollar decline follows historical seasonal trends",
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      "kind": "paragraph",
      "text": "We continue to leverage our manufacturing automation enhancements with our 2nd Gen machines producing over 95% 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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