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Wednesday, April 28, 2021

Align Technology: Record First Quarter 2021 Financial Results

 

  • Q1 total revenues up 7.2% sequentially and 62.4% year-over-year to a record $894.8 million

  • Q1 diluted net income per share of $2.51; Q1 non-GAAP diluted net income per share of $2.49

  • Q1 operating income up 222.4% year-over-year to $225.4 million and operating margin of 25.2%

  • Q1 Clear Aligner revenues up 7.5% sequentially and 56.4% year-over-year to a record $753.3 million

  • Q1 Clear Aligner volume up 4.9% sequentially and 65.8% year-over-year to 595.8 thousand cases

  • Q1 Clear Aligner volume for teenage patients was 165.3 thousand cases, up 58.9% year-over-year

  • Q1 Imaging Systems and CAD/CAM Services revenues were up 5.8% sequentially and 104.0% year-over-year to a record $141.5 million

  • Cash and cash equivalents was $1.1 billion as of Q1’21 compared to $960.8 million as of Q4’20

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