Align Technology skyrockets through Q3, beats estimate

Align Technology is cruising into the fourth quarter on the heels of a 21% jump in revenues in the third quarter.

For the period (end-September 30), the company posted revenues of $164.5 million, compared with $136.5 million in the same quarter last year.

The company also enjoyed a profit of $34.5 million in the record-setting quarter, compared with a loss of $0.3 million in the third quarter of 2012.

For the most recent quarter, revenues from clear-aligner products were up 21% to $153.5 million, compared with $126.7 million in same quarter a year ago. And scanner and CAD/CAM services net revenues for the third quarter rose to $11 million, compared with $9.8 million in the third quarter last year.

Thomas Prescott, Align president and CEO, noted that the company achieved record levels of revenues, Invisalign case volume, and North American iTero scanner volume, enabling the company to reach the low end of its long-term model for operating margin, while generating strong operating cash flow.

The third quarter includes a seasonally slower period in Europe and North America for general practitioner dentists, along with the peak of the summer season for teenage orthodontic case starts.

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