Align Technology Inc


SKU: ALGN Category:


This is our first report on health-tech player, Align Technology Inc. exceeded analyst expectations in terms of revenue as well as earnings. Teen and younger patient volumes exhibited strength, driven by momentum in submitters and utilization, alongside continued growth from Invisalign First. Notably, 195,000 teens and kids commenced Invisalign clear aligner treatment in Q2, marking a 7% sequential increase and a significant 10% year-over-year growth. This is the highest annual growth rate in the Teen segment since 2021. For Systems and Services, Q2 revenues reached $169.5 million. The sequential increase was attributed to rising scanner volumes across regions and elevated services and nonsystem revenues, driven by certified preowned (CPO) scanner sales and subscription revenues. Total Clear Aligner revenues for Q2 amounted to $832.7 million, reflecting a 5.4% sequential and 4.3% year-over-year increase. DSP, a subscription-based clear aligner program, experienced remarkable success and contributed significantly to growth. The successful rollout of the Invisalign Comprehensive 3 in 3 product and the expansion of DSP to additional countries have contributed to the company’s growth. Align Technology also disclosed its intention to acquire Cubicure GmbH, a company specializing in polymer 3D printing. The medical device company has the belief that this acquisition will enhance its current intellectual property pertaining to the direct 3D printing of equipment.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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