Welcome to our dedicated page for Align Technology news (Ticker: ALGN), a resource for investors and traders seeking the latest updates and insights on Align Technology stock.
Align Technology Inc. (NASDAQ: ALGN) is a prominent global medical device company known for designing and manufacturing the Invisalign® System, the world’s most advanced clear aligner system, iTero™ intraoral scanners, and exocad™ CAD/CAM software. These innovations enable digital orthodontics and restorative dentistry, improving patient outcomes and practice efficiencies for over 261,000 doctor customers worldwide. Since its establishment, Align Technology has treated over 17.6 million patients with Invisalign, driving the evolution of digital dentistry through the Align Digital Platform™.
The company’s flagship product, the Invisalign System, has revolutionized the approach to orthodontic treatment. Utilized in over 90 countries, Invisalign combines proprietary virtual modeling software and rapid mass-manufacturing processes to develop customized aligners for each patient. It's a preferred choice for treating a wide range of malocclusions, from simple to complex cases. The system has gained the trust of over 230,000 Invisalign-trained dentists and orthodontists globally.
Align Technology also offers the iTero intraoral scanner, which uses advanced parallel confocal imaging technology to capture detailed digital impressions of patients' teeth, facilitating accurate treatment plans and enhancing patient communication. Over 85% of Invisalign cases start with digital scans, underscoring the importance of iTero technology in modern dental practices.
In 2024, the company launched the iTero Lumina™, a next-generation intraoral scanner that offers a 3X wider field of capture with a significantly smaller and lighter wand, providing faster, more accurate scans and superior patient comfort. This innovation exemplifies Align's commitment to continuous improvement and leveraging emerging technologies.
Align’s commitment to innovation is further demonstrated by its recent acquisition of Cubicure GmbH, a pioneer in direct 3D printing solutions. This acquisition strengthens Align’s strategic innovation roadmap and enhances its manufacturing capabilities for 3D printed products such as the Invisalign Palatal Expander System. This new system offers a removable, clinically effective alternative to traditional palatal expanders, further solidifying Align’s position at the forefront of digital orthodontics.
The company’s financial health remains robust, with significant investments in R&D aimed at driving future growth. Align continues to support clinical and scientific research worldwide through its annual Research Awards Program, fostering advancements in dental care.
Align Technology maintains a strong market presence, bolstered by strategic partnerships and a broad product portfolio, ensuring its role as a leader in the rapidly evolving dental industry. For more information, visit www.aligntech.com.
Align Technology (Nasdaq: ALGN) has announced a leadership change, appointing Raj Pudipeddi as the managing director for the Asia Pacific region, effective immediately. He will succeed Julie Tay, who will support a smooth transition until February 2022. Pudipeddi, previously chief product and marketing officer, brings significant experience from his tenure at Align and other leadership roles. Additionally, Srini Kaza has been promoted to senior vice president of product research & development, emphasizing Align's commitment to innovation in digital orthodontics.
Align Technology has announced a new accelerated stock repurchase agreement (ASR) with Goldman Sachs to repurchase $75 million of its common stock as part of a $1.0 billion stock repurchase program initiated on May 13, 2021. The ASR will commence with an initial delivery of approximately 86,200 shares. The total number of shares repurchased will depend on Align's stock price during the ASR term, which is expected to conclude by October 26, 2021. The buyback will be financed using Align's cash reserves, which stood at $1.1 billion as of March 31, 2021.
Align Technology reported record Q2 2021 total revenues of $1.0 billion, a jump of 186.9% year-over-year. Q2 Clear Aligner revenues reached $841.0 million, up 181.9% year-over-year. The diluted net income per share was $2.51, with non-GAAP diluted net income at $3.04. Operating margin improved to 26.6%, up 47.3 points year-over-year. Clear Aligner volumes totaled 665.6 thousand cases, showing 200.0% growth year-over-year. Align anticipates 2021 revenues between $3.85 billion and $3.95 billion, indicating a robust outlook.
Align Technology has announced the opening of a new office space in Petach Tikva, Israel, covering 14,140 square meters and accommodating around 700 employees. The company has invested $51.4 million in the facility, which features modern amenities including an experience center, fitness center, and a dental clinic. This move supports Align's strategy to enhance its iTero systems and services business, central to its digital orthodontics and restorative dentistry initiatives. The investment emphasizes Align's commitment to innovation and sustainability in the workplace.
Align Technology is set to showcase its commitment to comprehensive dentistry at the International Dental Show 2021 (IDS) in Cologne, Germany, from September 22-25, 2021. This event will feature Align's largest exhibition space to date, integrating a hybrid experience for in-person and virtual attendees. The showcase will include innovations like the Invisalign Go Plus system and highlight the Align Digital Platform, which enhances digital workflows for practitioners. Align aims to support dental professionals with agile solutions for effective treatment outcomes.
Align Technology, Inc. (Nasdaq: ALGN), a global leader in dental technology, announced its second quarter 2021 financial results will be reported on July 28, 2021, after market close. The results will be available on their Investor Relations website at 4:00 p.m. ET. Following the report, a conference call will take place at 4:30 p.m. ET to discuss the results, accessible via audio webcast. Align Technology serves over 200,000 professional customers and has treated over 10.2 million patients with their innovative Invisalign system.
Align Technology, Inc. (NASDAQ: ALGN) has announced the Invisalign ChangeMakers program, providing $5,000 to 100 young leaders for community projects. Launched in partnership with National 4-H Council, the initiative recognizes teens aged 13-19 making a positive impact. Winners were chosen based on applications received from January to March 2021. Celebrated during a virtual ceremony on July 10, 2021, some recipients included youth creating health and educational initiatives. Align emphasizes the importance of community involvement and youth empowerment.
Align Technology (NASDAQ: ALGN) has launched its first limited-edition product, the Charli D’Amelio x Invisalign® Aligner Case, designed in collaboration with social media star Charli D’Amelio. This exclusive aligner case features a pink exterior, lavender interior, and Charli's mantra, "All Smiles Here." Priced at $24.99, it will be available at the official Invisalign store. Align's milestone of treating over 10.2 million patients highlights the brand's impact in digital orthodontics, improving patient outcomes.
Align Technology has launched the new iTero Workflow 2.0 software, enhancing practice efficiency with features like faster scanning, improved visualization, and advanced patient communication tools. The software, set to be available in Q3 2021, streamlines Invisalign case submissions by allowing intraoral color scan images instead of traditional photos. The iTero Element 5D Plus imaging system will support these upgrades, aiming to boost clinical diagnosis and patient engagement for better treatment acceptance.
FAQ
What is the current stock price of Align Technology (ALGN)?
What is the market cap of Align Technology (ALGN)?
What is Align Technology's main product?
How many patients have been treated with Invisalign?
What technologies does Align Technology offer?
What is the iTero Lumina™ scanner?
What was the purpose of acquiring Cubicure GmbH?
How does Align Technology support scientific research?
What is the Align Digital Platform?
How many Invisalign-trained doctors are there globally?
What is the financial outlook for Align Technology?
Where can I find more information about Align Technology’s products?
