Align Technology Inc

ALGN

Equity

ISIN US0162551016 / Valor 1159441

NASDAQ (2024-09-18)

USD 253.01-0.06%

Align Technology Inc
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About company

Align Technology Inc is a global leader in the dental CAD/CAM software market, offering fully integrated workflows to dental labs and practices through a wide network of partners and resellers in over 150 countries. The company's digital scanning technology, including the iTero intraoral scanner, complements its Invisalign system, enhancing patient scans and overall experience. Align Technology continues to invest in digital restorative workflows, with over 17 million restorative cases enabled by the iTero scanner to date. Additionally, the company provides a range of digitally enabled solutions for restorative dentistry, orthodontic treatment, and other dental applications. With a focus on innovation and customer satisfaction, Align Technology remains a leading provider of advanced clear aligner systems and digital orthodontic solutions worldwide.

Summarized from source with an LLMView SourceSector: Healthcare

Q1'24 Revenue Growth

Align Technology Inc. reported a total revenue of $997.4 million in the first quarter of 2024, marking a 5.8% increase year-over-year. This growth includes a 3.5% increase in revenue from Clear Aligners and a significant 17.5% increase from Imaging Systems and CAD/CAM Services.

Q1'24 Earnings Per Share

For Q1'24, Align Technology Inc. achieved a diluted net income per share of $1.39. On a non-GAAP basis, the diluted net income per share was higher at $2.14, reflecting adjustments for certain non-recurring items.

Q1'24 Operating Income and Margin

Align Technology Inc. recorded an operating income of $154.1 million in Q1'24, with an operating margin of 15.5%. The non-GAAP operating margin was notably higher at 19.8%, indicating effective cost management and operational efficiency.

Q1'24 Clear Aligner Performance

The Clear Aligner segment of Align Technology Inc. generated revenues of $817.3 million in Q1'24, up 3.5% year-over-year. Additionally, the volume of Clear Aligner cases increased by 2.4% to 605.1 thousand cases during the quarter.

Q1'24 Imaging Systems and CAD/CAM Services

Align Technology Inc.'s Imaging Systems and CAD/CAM Services segment saw a robust revenue increase of 17.5% year-over-year, totaling $180.2 million in Q1'24. This growth highlights the strong demand and expanding market presence of Align's technology solutions in digital orthodontics and restorative dentistry.

Summarized from source with an LLMView Source

Key figures

-22.2%1Y

-64.8%3Y

43.9%5Y

Performance

48.1%1Y

52.1%3Y

53.6%5Y

Volatility