SmileDirect, Align headed for another arbitrator visit

Shares of Nashville-based SmileDirectClub (Ticker: SDC) fell 20 percent this week after leadership reported underwhelming third-quarter earnings they said were driven by poor economic conditions in their core customer base and changes to Apple’s privacy policies.  

SmileDirectClub CEO David Katzman said the company saw revenues slip 18 percent with a net loss of more than $89 million on the quarter as their key customers — those with a median household income of $68,000, they say — continue to put off discretionary spending.