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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 partnered with U.S. Ski & Snowboard, designating the Invisalign brand as the Official Smile of the organization. This multi-year sponsorship will include original content for social media and the U.S. Ski & Snowboard website. Athletes will join the Invisalign Smile Squad, receiving treatment and sharing their experiences online. Notable athletes include Olympic champions Jamie Anderson, Maddie Mastro, Red Gerard, and David Wise, who express enthusiasm for enhancing their smiles through Invisalign.
Align Technology (Nasdaq: ALGN) reported a favorable arbitration outcome, receiving a total of $99.7 million from SDC Entities. This includes a $54.2 million payment already made. The arbitration mandates SDC to pay an additional $45.5 million plus interest of $3,000 per day starting March 13, 2021. CFO John Morici highlighted strong performance in the first quarter, driven by increasing demand for Invisalign Clear Aligners and iTero Systems. Despite this positive momentum, the company remains cautious about potential risks, including market competition and economic conditions affecting consumer behavior.
Align Technology has announced a partnership with the Golden State Warriors, becoming the Official Smile Partner. This collaboration aims to engage Warriors fans through various channels, including TV and digital media, and features jersey sponsorships with the Warriors' G League and esports teams. The partnership emphasizes fan experience and community engagement, reflecting Align’s commitment to enhancing smiles. Align also supports Junior Achievement of Northern California as part of this initiative. The deal is expected to increase brand visibility across multiple platforms.
Align Technology, Inc. (Nasdaq: ALGN) announced its participation in the 2021 SVB Leerink Global Healthcare Conference on February 26, 2021. The presentation will be held virtually from 10:40 A.M. to 11:10 A.M. Eastern Time and will be available for live streaming on their Investor Relations website. An archived version will be accessible for three months post-event. Align Technology specializes in innovative dental solutions, including the Invisalign system, and has treated over 9.6 million patients. For more details, visit www.aligntech.com.
Align Technology has announced the launch of Invisalign G8 equipped with SmartForce® Aligner Activation, enhancing treatment predictability for common orthodontic cases such as crowding, crossbite, and deep bite. Utilizing insights from over 9 million patients, this innovation optimizes tooth movement, ensuring precise application of forces. The improvements include 2x predictability in incisor intrusion and automatic placement of Precision Bite Ramps. Align Technology aims to enhance both patient outcomes and practice efficiencies with this latest addition.
Align Technology (NASDAQ: ALGN) has launched the iTero Element® Plus Series, enhancing its digital scanning solutions for the dental market. This new series offers faster processing times, improved visualization, and the integration of AI technology, addressing evolving dental practice needs. Designed for better productivity and patient care, the series includes both cart and mobile configurations, making it versatile for different clinical settings. The iTero Element Plus Series is available in various markets, with further expansions expected throughout 2021 and 2022.
Align Technology reported Q4 2020 results with total revenues of $834.5 million, reflecting a 28.4% year-over-year growth. Clear Aligner revenues hit $700.7 million, up 28.9% year-over-year, while operating margin improved to 25.5%. The company reached a milestone of 2 million Invisalign patients in EMEA. For the full year, revenues reached $2.5 billion, up 2.7% from 2019. Q4 net income was $159.0 million or $2.00 per share. Align's strategic focus, including marketing and technology investments, has positioned the company for continued growth in 2021.
Align Technology has officially established its new global corporate headquarters in Tempe, Arizona, effective January 1, 2021. The San Jose campus will now serve as the hub for the company's global innovation and marketing, housing a new Digital Innovation Center. Approximately 150 employees are being offered relocation packages, but layoffs are not anticipated. CEO Joe Hogan emphasized the commitment to innovation and support for employees during this transition. The move aims to enhance operational efficiencies while benefiting from Arizona's favorable business environment.
Align Technology, Inc. (Nasdaq: ALGN) will report its fourth quarter and 2020 financial results on February 3, 2021, after market close at 4:00 p.m. ET. A conference call to discuss these results will follow at 4:30 p.m. ET. Tentative earnings dates for fiscal 2021 have also been announced, with Q1 set for April 28, Q2 on July 28, and Q3 on October 27. Align Technology specializes in the Invisalign system and related digital dental technologies, having treated over 9 million patients globally.
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