{"id":241518,"date":"2021-05-04T00:38:00","date_gmt":"2021-05-03T21:38:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/smiledirect-stock-drops-after-cybersecurity-incident-financial-repercussions-disclosed\/"},"modified":"2021-05-04T00:38:00","modified_gmt":"2021-05-03T21:38:00","slug":"smiledirect-stock-drops-after-cybersecurity-incident-financial-repercussions-disclosed","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/smiledirect-stock-drops-after-cybersecurity-incident-financial-repercussions-disclosed\/","title":{"rendered":"#\n  SmileDirect stock drops after cybersecurity incident, financial repercussions disclosed"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4d13f8dc9cb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4d13f8dc9cb\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/smiledirect-stock-drops-after-cybersecurity-incident-financial-repercussions-disclosed\/#Shares_decline_more_than_7_in_after-hours_trading_as_direct-to-consumer_orthodontics_company_says_incident_will_cost_millions\" >Shares decline more than 7% in after-hours trading as direct-to-consumer orthodontics company says incident will cost millions<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/smiledirect-stock-drops-after-cybersecurity-incident-financial-repercussions-disclosed\/#Jeremy_C_Owens\" >Jeremy C. Owens<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  SmileDirect stock drops after cybersecurity incident, financial repercussions disclosed<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Shares_decline_more_than_7_in_after-hours_trading_as_direct-to-consumer_orthodontics_company_says_incident_will_cost_millions\"><\/span>\n  Shares decline more than 7% in after-hours trading as direct-to-consumer orthodontics company says incident will cost millions<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div class=\"cx--next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000255251\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       SmileDirectClub Inc. shares fell more than 7% in after-hours trading Monday afternoon, following official disclosure of a cybersecurity incident and its financial repercussions.<\/p>\n<p> SmileDirectClub<br \/>\n        SDC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/214109287\/composite\" class=\"negative\">-0.05%<\/bg-quote><br \/>\n       revealed in a filing with the Securities and Exchange Commission that it was hit by an attack on April 14, causing a systems outage. While the company did not disclose the exact nature of the attack, it did say \u201cno ransom was paid,\u201d suggesting it was a ransomware attack.<\/p>\n<div class=\"paywall\">\n       \u201cAt this time, the company is not aware of any data loss from, or other loss of assets as a result of, the incident, including any exposure of customer or team member information,\u201d the filing discloses. \u201cThe incident, however, has caused, and may continue to cause, delays and disruptions to parts of the company\u2019s business, including treatment planning, manufacturing operations, and product delivery.\u201d<\/p>\n<p>SmileDirect said that it expects to realize a $10 million to $15 million revenue impact in the current quarter as a result of the incident, though it hopes that relevant insurance coverage will help cover some costs. The company revealed that it now expects $195 million to $200 million in second-quarter sales after subtracting the impact, which comes in lower than analysts\u2019 average expectations for $206.7 million, according to FactSet.<\/p>\n<p>SmileDirect also revealed preliminary results for its first quarter in the filing. the direct-to-consumer orthodontics company said that it expects to report a first-quarter net loss of $95.6 million, or 25 cents a share, on sales of $199.5 million. Analysts on average were expecting a loss of 10 cents a share on sales of $196 million, according to FactSet. <\/p>\n<p>SmileDirect expects to fully report first-quarter earnings on May 10.<\/p>\n<p>SmileDirect shares dove more than 7% in after-hours trading Monday, following a decline of a penny to $10.63 in the regular session. The stock has gained 53% in the past year, as the S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+0.27%<\/bg-quote><br \/>\n       has increased 47.7%.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jeremy C. Owens\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jeremy_C_Owens\"><\/span>Jeremy C. Owens<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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SmileDirectClub SDC, -0.05% revealed&#8230;<\/p>\n","protected":false},"author":1,"featured_media":241519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-241518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/241518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=241518"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/241518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/241519"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=241518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=241518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=241518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}