Business
Align Technology Announces Fourth Quarter and Fiscal 2019 Financial Results
Achieves 8 Millionth Invisalign Patient Milestone 2019 revenues up 22.4% to a record $2.4 billion, clear aligner revenues a record $2 billion2019 diluted EPS
About this update from Align Technology, Inc.
[{"type":"text","content":"Achieves 8 Millionth Invisalign Patient Milestone\n2019 revenues up 22.4% to a record $2.4 billion, clear aligner revenues a record $2 billion2019 diluted EPS of $5.532019 Invisalign volume up 24.2% to a record of 1.5 million cases2019 iTero scanner and services revenues up 38.5% to a record $381.0 millionQ4 total revenues up 21.7% year-over-year to $649.8 million, and diluted EPS of $1.53Q4 Invisalign volume up 23.9% year-over-year to 413.7 thousand casesQ4 scanner and services revenues up 20.2% year-over-year to $106.2 millionQ4 operating income up 25.5% year-over-year to $151.2 million and operating margin of 23.3% SAN JOSE, Calif., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Align Technology, Inc. (Nasdaq: ALGN) today reported financial results for the fourth quarter (Q4’19) and year ended December 31, 2019 (2019). Q4’19 total revenues were $649.8 million, up 21.7% year-over-year. Q4’19 clear aligner revenues were $543.6 million, up 22.0% year-over-year and Q4’19 scanner and services revenues were $106.2 million, up 20.2% year-over-year. Q4’19 Invisalign volume was 413.7 thousand cases, up 23.9% year-over-year. For the Americas and International regions, Q4’19 Invisalign volume was up 19.3% and 30.1% year-over-year, respectively. Q4’19 Invisalign volume for teenage patients was 116 thousand cases, up 33.1% year-over-year. Q4’19 operating income of $151.2 million was up 25.5% year-over-year resulting in an operating margin of 23.3%. Q4’19 net income was $121.3 million, or $1.53 per diluted share.\n For 2019, total revenues were a record $2.4 billion, up 22.4% year-over-year. Record 2019 clear aligner revenues were $2.0 billion, up 19.8% year-over-year and Invisalign case shipments were 1.5 million, up 24.2% year-over-year. Record 2019 iTero scanner and services revenue were $381.0 million, up 38.5% year-over-year with record volume, up 29.7% year-over-year. 2019 Invisalign cases for teenage patients were 446.7 thousand, up 34.1% year-over-year. 2019 net profit was $442.8 million, or $5.53 per diluted share. Commenting on Align’s Q4’19 and 2019 results, Align Technology President and CEO Joe Hogan said, “Our fourth quarter was a strong finish to a great year with record revenues and volumes. Q4’19 Invisalign shipments increased 23.9% year-over-year and marked another major milestone with our 8 millionth Invisalign patient who started tr...