Why SmileDirectClub's Spending Should Leave Investors Frowning
Without a doubt, SmileDirectClub (NASDAQ:SDC) is in the doghouse on Wall Street. During 2021's second quarter, SmileDirectClub undoubtedly vexed some of its cost-conscious stakeholders with an adjusted operating loss of $52.7 million and negative free cash flow of $51 million. What ought to have been the greatest cause for consternation, though, was the company's penchant for spending money it doesn't actually have.