Align profits, sales up from 1 year ago

Thanks to strong sales of Invisalign, Align Technology reported revenues of $135.1 million for the first quarter of fiscal 2012 (end-March 31), a 29% increase over revenues of $104.9 million in the first quarter of 2011.

Net profits were up substantially from last year as well, from $15.8 million in the first quarter of 2011 to $21 million in the first quarter of 2012.

Invisalign clear aligner revenue of $123.3 million increased 17.6% year-over-year.

Strong Invisalign volume, particularly from North American orthodontists, drove better-than-expected revenue and margins, according to Thomas Prescott, Align president and CEO.

For the second quarter of fiscal 2012, Align Technology expects net revenues of between $140.2 million and $143.7 million.

Page 1 of 223
Next Page