Align Technology announced it has posted 2020 fourth-quarter and fiscal year gains.
The company's fourth-quarter revenues (end-December 31, 2020) increased by 28.4% over the same period in 2019, from $649.8 million to $834.5 million. Net income for the quarter was $159 million, up from $121.3 million in 2019, the company said.
Revenues from the company's Clear Aligner business were $700.7 million, up 28.9% from $543.6 million in the prior year's fourth quarter.
Total 2020 revenues were $2.5 billion, up 2.7% from $2.4 billion in 2019. Clear Aligner revenues for the year were $2.1 billion, an increase of 3.7% over the previous year's $2 billion.