Align Technology Inc.
Align Technology Reports Second Quarter 2024 Financial Results
Summary
Align Technology, Inc. announced its financial results for the second quarter of 2024, reporting total revenues of $1,028.5 million, an increase of 3.1% sequentially and 2.6% year-over-year. Diluted net income per share was $1.28. Clear Aligner revenues were $831.7 million, up 1.8% sequentially but down 0.1% year-over-year. The company also announced a $31.1 million settlement for legal matters, primarily related to the Misty Snow Antitrust Class Action. The company expects to seek court or administrative approvals in the second half of fiscal year 2024.
Profitelligence Alerts
Get alerts for ALGN
Be first to know when Align Technology Inc. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
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
Advertisement