Align Technology's profits up in Q2

Align Technology reported increased net profit and revenues for its second quarter of 2009.

For the quarter (end-June 30), net profit was $4.5 million, up from $2.6 million in the first quarter of 2009 and $4.0 million in the second quarter of 2008. Net revenues were $76.3 million, compared to $70.1 million in the first quarter of 2009 and $79.9 million in the second quarter of 2008.

"Overall, we had a good quarter with better than expected results across the board, including record gross margins and continued profitability," said Thomas Prescott, president and CEO of Align Technology. "Second-quarter revenues increased 9% sequentially to $76.3 million on case shipments of 53,000, driven by strong international growth and continued uptake of Invisalign Teen."

Shares of Align rose $1.84 to $11.30 on July 24, the day after the company announced its latest financials. The stock has ranged from $4.88 to $13.74 over the past year.

Copyright © 2009 DrBicuspid.com

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