LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of SmileDirectClub, Inc. (“SmileDirectClub” or the “Company”) (NASDAQ: SDC) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On August 9, 2021, after the market closed, SmileDirectClub announced its second quarter 2021 financial results reporting “total revenue was $174 million,” which fell below the prior guidance expecting between $195 million and $200 million.
On this news, the Company’s stock price fell $1.62, or 24%, to close at $5.08 per share on August 10, 2021, thereby injuring investors.
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If you purchased SmileDirectClub securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to email@example.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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