The 1300 Smiles (ASX:ONT) share price sank today despite results

The 1300 Smiles Limited (ASX: ONT) share price fell into negative territory before closing today, despite what appeared to be solid results from the dental facility operator. After today’s performance, 1300 Smiles share price is sitting at $7.05, down 2.35% for the day.

So, what has investors grinning and grimacing from the company’s half-year results today?

Profitability worth smiling about

Investors may have been put off by the minuscule 1.2% growth in revenue for 1300 Smiles. However, this figure represents the statutory revenue for the period which takes into account various accounting considerations. The company also provides ‘over-the-counter’ (OTC) revenue, which reflects the total amount of money paid by patients…