NASHVILLE, Tenn. (AP) — SmileDirectClub Inc. (SDC) on Thursday reported a fourth-quarter loss of $9.7 million.
A year earlier, it reported a loss of $26.2 million.
On a per-share basis, the Nashville, Tennessee-based company said it had a loss of 9 cents.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The direct-to-consumer teeth-straightening company posted revenue of $184.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $180.7 million.
For the year, the company reported that its loss narrowed to $78.4 million, or 72 cents per share. Revenue was reported as $656.8 million.
SmileDirectClub shares have dropped 11% since the beginning of the year. Its shares closed Thursday at $10.60, a climb of 29% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SDC at https://www.zacks.com/ap/SDC
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This story has been corrected to read that the company reported a loss, not a profit a year ago.
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