Press release
Align Technology Announces Second Quarter 2022 Financial Results
Company operating well through unprecedented global economic headwinds and continued impacts of COVID-19 variants in certain markets Q2'22 total revenues of
About this update from Align Technology, Inc.
[{"type":"text","content":"\nCompany operating well through unprecedented global economic headwinds and continued impacts of COVID-19 variants in certain markets\n\n\nQ2'22 total revenues of $969.6 million were down slightly sequentially and year over year\n\n\nQ2’22 revenues were unfavorably impacted by foreign exchange of approximately $15.3 million sequentially and approximately $39.9 million year over year (1)\n\n\nQ2'22 operating income of $188.2 million and operating margin of 19.4%, which was unfavorably impacted by foreign exchange of approximately 1.1 points sequentially and approximately 2.4 points year over year (1)\n\n\nQ2'22 diluted net income per share of $1.44; Q2'22 non-GAAP diluted net income per share of $2.00\n\n\nQ2'22 Clear Aligner revenues of $798.4 million and Clear Aligner volume of 599.0 thousand cases\n\n\nQ2'22 Imaging Systems and CAD/CAM Services revenues of $171.2 million, up 4.7% sequentially and up 0.8% year over year\n\n\nPurchased approximately 757 thousand shares of Align common stock at an average price of $264.37 per share for a total purchase price of $200.0 million\n\n\n TEMPE, Ariz.--(BUSINESS WIRE)--\nAlign Technology, Inc. (Nasdaq: ALGN), a leading global medical device company that designs, manufactures, and sells the Invisalign® system of clear aligners, iTero™ intraoral scanners, and exocad™ CAD/CAM software for digital orthodontics and restorative dentistry, today reported financial results for the second quarter of fiscal 2022 (\"Q2'22\"). Q2'22 total revenues were $969.6 million, down 0.4% sequentially and down 4.1% year-over-year. Q2'22 Clear Aligner revenues were $798.4 million, down 1.4% sequentially and down 5.1% year-over-year. Q2'22 Imaging Systems and CAD/CAM Services revenues were $171.2 million, up 4.7% sequentially and up 0.8% year-over-year. Q2'22 Clear Aligner volume was flat sequentially and down 10.0% year-over-year. Q2’22 Imaging Systems and CAD/CAM Services revenues were unfavorably impacted by foreign exchange of approximately $2.9 million or 1.7% sequentially and approximately $7.0 million or 3.9% year over year.(1) Q2’22 Clear Aligner revenues were unfavorably impacted by foreign exchange of approximately $12.3 million or 1.5% sequentially and approximately $32.9 million or 4.0% year over year.(1) Q2'22 operating income was $188.2 million resulting in an operating margin of 19.4%. Q2'22 net...