Align Technology reports record Q3 revenues

An increase in Invisalign case volume and new business stemming from its acquisition of Cadent helped Align Technology achieve record revenues in the third quarter of 2011 (end-September 30).

Total net revenues for the quarter were $125.9 million, a 31%% increase over revenues of $95.9 million reported in the third quarter of 2010.

Invisalign revenues were $114.3 million for the third quarter, up 19.1% year over year. Scanner and CAD/CAM services revenues were $11.6 million for the quarter.

Net profit for the quarter was $19.3 million, compared with net profit of $16.8 million for the same quarter a year ago.

The better-than-expected results were driven by increased Invisalign case volume from North American orthodontists and international doctors and higher earnings that benefited from lower-than-projected operating expenses, noted Thomas Prescott, president and CEO of Align, in a press release.

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