Align Technology Inc.
Align Technology Reports Strong Q4 and Fiscal 2023 Financial Results
Summary
Align Technology, Inc. reported strong financial results for Q4 and the full year 2023. The company's total revenues for Q4 were $956.7 million, up 6.1% year-over-year, and full-year revenues were $3.86 billion, up 3.4% year-over-year. Net income for Q4 was $124.0 million, or $1.64 per diluted share, and full-year net income was $445.1 million, or $5.81 per diluted share. The company also announced the launch of its next-generation iTero Lumina intraoral scanner and provided an outlook for Q1 and fiscal 2024.
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About Align Technology Inc.
Align Technology Inc. is a global medical device company known for its innovative approach to designing and manufacturing products for the orthodontics market. The company's primary offerings include clear aligners, represented by the well-known Invisalign brand, which provide an alternative to traditional metal braces. Align Technology also offers iTero intraoral scanners, promoting advancements in digital dentistry by enabling precise 3D scans of patients' mouths. Serving the dental and orthodontic fields, the company impacts these industries by integrating technology with patient care. Align Technology's products are utilized in dental practices worldwide, focusing on enhancing the comfort and convenience of orthodontic treatments. Headquartered in San Jose, California, the company's contributions are significant in the realm of orthodontics, driving a shift toward digitally-supported, patient-friendly solutions.
Official SEC Documents
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