Align Technology: Acquisition of Cubicure, 3D Printing Innovations

Align Technology Inc’s Q4 2023 earnings report demonstrated better-than-expected revenues and earnings, with the company achieving several key milestones, including treating 17 million Invisalign patients, delivering 4.7 million treatments for teenagers and selling over 100,000 iTero scanners. Total revenues for the fiscal year exceeded the company’s previous outlook, with the non[1]GAAP operating margin exceeding 21% for 2023. The company’s Q4 revenues were up 6.1% YoY, attributable to increased Systems and Services revenues and higher Clear Aligner volume for teenage and international doctors. The company achieved growth from touch-up cases under their Invisalign Doctors’ Subscription Program (DSP), which saw a 60% YoY increase in Q4.