Align Technology Investor Day: strong business momentum in Oct, Nov

 

• In its Virtual Investor Day focusing on the Align digital platform, Align Technology (ALGN +4.4%) CEO Joe Hogan said, "Align's global Invisalign brand is vastly underpenetrated into the existing orthodontic market which we now estimate to be ~15M case starts annually (+3M vs. prior estimate), as a result of establishing and increasing our direct presence in several new markets including Brazil, Russia, Turkey, Middle East and Africa, India and Southeast Asia."
• Quick look at the Invisalign shipments trend in Q3 (shipped Invisalign cases to a record 70K doctors, of which 5.8K were first time customers) and worldwide invisalign case shipments teen versus adult mix:

• Digital orthodontics is inevitable and an incremental 500M potential consumers can benefit from Invisalign treatment with Align well positioned to enable 189K+ Invisalign doctors to capture this market.
• CFO John Morici said, "The strong momentum we experienced across the business in October has continued into November. Similar to Q3, we are continuing to see a higher mix of new Invisalign cases as compared to additional aligner cases as doctors continue to ramp up their practices."
• Align plans significant investments in sales, marketing, innovation and manufacturing capacity to continue to drive momentum and penetrate the huge market opportunity.
• https://seekingalpha.com/news/3638730-align-technology-investor-day-strong-business-momentum-in-october-november