SmileDirectClub Inc. (SDC) is a teledentistry company headquartered in Nashville, Tennessee.
And while it has experienced some volatility in recent months, it just received a major win…
On October 11, SDC announced that the U.S. Patent & Trademark Office will issue a patent on the teledentistry’s SmileBus business – which services users through a mobile dentistry. This marks the company’s 15th patent since its founding in 2014.
The development highlights that the company is not only committed to innovation, but is also exploring a variety of avenues to bolster its offerings and avenues for growth, as the service could provide it a new way to make its telehealth products as accessible as possible.
Still, some headwinds remain. SDC was recently downgraded by institutions such as Stifel and Wolfe Research. These organizations highlighted that competitors in the space could put pressure on SDC in international markets.
However, given SDC’s latest patent, it should give the company an edge. And its decline in share value may provide a potential opportunity for interested investors.
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