Align Technology reports record revenues in Q4

Align Technology reported record revenues for the fourth fiscal quarter of 2011 and all of fiscal 2011 (end-December 31).

Total net revenues for the fourth quarter were $128.9 million, from $92.9 million in the fourth quarter of 2010. For the year, the company reported net revenues of $479.7 million, a 23.9% increase over net revenues of $387.1 million in 2010.

For the quarter, Invisalign revenue of $118.9 million increased 28% year over year. For the year, Invisalign net revenues of $451.7 million increased 16.7% from $387.1 million reported for 2010. Fiscal 2011 net revenues for scanner and CAD/CAM services was $28 million and reflects eight months of sales resulting from the acquisition of Cadent Holdings, which closed on April 29, 2011.

Net profit for the quarter was $20.4 million, up from a net profit of $19.3 million for the same quarter a year ago. Net profit for the year was $66.7 million, down from net profit of $74.3 million for 2010.

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