Is SmileDirectClub Going Out Of Business 2024?

About SmileDirectClub 

SmileDirectClub was founded in 2014 by co-founders Jordan Katzman and Alex Fenkell. It is a US best seller of low-cost teeth straightners.

About SmileDirectClub

SmileDirectClub is known for its low pricing. It went public in 2019 raising $1.35 billion.

Who Owns SmileDirectClub?

The company's Board Of Directors includes: David Katzman Steve Katzman Alexender Fenkell Jordan Katzman Ted Ward Richard F. Wallman Linda Williams Alex Dimitrief

Factors Affecting SmileDirectClub

The problem started when the company went public and couldn't make money.

Factors Affecting SmileDirectClub

The pandemic also added to the misery of the company. This resulted in the decline of revenue of 37.3% between 2019 and 2022.

Competitors Of  SmileDirectClub

1. Invisalign 2. Candid 3. PlusDental 4. ClearConnect 5. Byte

Is SmileDirectClub Going Out Of Business?

SimleDirectClub has filed for Chapter 11 Bankruptcy after failing to obtain third-party financing. So, currently the company is seeking for a suitor and therefore nothing can be said about the shut down.