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Align Technology Inc - ALGN STOCK NEWS

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.

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Align Technology, Inc. reported Q4 and FY2023 total revenues up 6.1% and 3.4% year over year, respectively. Major milestones include 17 million Invisalign patients, 4 million Vivera retainers, and 100 thousand iTero scanner units sold in 2023. The company's 2023 total revenues were $3.9 billion, with clear aligner revenues of $3.2 billion and systems and services revenues of $662.9 million. The 2023 operating margin was 16.7%, with non-GAAP operating margin of 21.4%. The company repurchased $600 million of common stock in 2023. Q4'23 total revenues were $956.7 million, down 0.4% sequentially and up 6.1% year-over-year. Clear Aligner revenues were $781.9 million, down 1.6% sequentially and up 6.9% year-over-year. The company also unveiled the iTero Lumina intraoral scanner with significant improvements in scanning capabilities.
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Align Technology, Inc. (ALGN) completes the acquisition of Cubicure GmbH, a pioneer in direct 3D printing solutions, to strengthen its 3D printed product portfolio. The acquisition will support and scale Align’s strategic innovation roadmap and extend its printing, materials, and manufacturing capabilities.
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Align Technology, Inc. (Nasdaq: ALGN) will report Q4 2023 financial results on January 31, 2024, after the market close. The financial results will be released at 4:00 p.m. ET and a conference call will follow at 4:30 p.m. ET. Tentative earnings release dates for fiscal 2024 have also been announced.
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Align Technology, a leading global medical device company (Nasdaq: ALGN), has announced that the U.S. Food and Drug Administration (FDA) has cleared Align’s Invisalign® Palatal Expander System for commercial availability in the U.S. The system is a modern and innovative direct 3D printed device based on proprietary and patented technology, providing a safe, comfortable, and clinically effective alternative to traditional palatal expanders. The Invisalign Palatal Expander System offers a full early intervention treatment solution for Phase 1 treatment, with broad patient applicability, including growing children, teens, and adults.
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Align Technology, Inc. (Nasdaq: ALGN) has announced that Health Canada updated the medical device license for its Invisalign® Palatal Expander System, a modern and innovative direct 3D printed device based on proprietary and patented technology. The updated license is for broad patient applicability, including growing children, teens, and adults. The Invisalign Palatal Expander is Align’s first direct 3D printed orthodontic device and provides a safe, comfortable, and clinically effective alternative to traditional palatal expanders.
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Align Technology, Inc. (NASDAQ: ALGN) appointed Mojdeh Poul, former EVP and Group President of 3M Health Care, and Kevin Conroy, President, CEO, and Chairman of the Board of Exact Sciences, to its Board of Directors. Both bring extensive experience in the healthcare industry, with Mojdeh specializing in business strategy and transformation, while Kevin has a track record for growth and innovative solutions. Mojdeh and Kevin will be included in the company’s slate of director nominees in the proxy statement for Align’s 2024 Annual Meeting of Shareholders.
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Align Technology, Inc. has opened its 2024 Annual Research Award Program, offering up to $300,000 in funding for dental research initiatives. The program aims to advance patient care in orthodontics and dentistry. Align Technology has funded approximately $3 million in research since 2010.
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Align Technology, Inc. plans to repurchase $100 million of its common stock through open market repurchases as part of its $1.0 billion stock repurchase program. The company's CEO, Joe Hogan, also intends to personally purchase $1.0 million of Align's common stock. The repurchases are expected to be completed by mid-December 2023 and will be funded with Align's cash on hand.
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Align Technology, Inc. (Nasdaq: ALGN) has announced that it will be speaking at two upcoming financial conferences. The presentations will be webcast live and archived for three months. The first conference is the Piper Sandler 35th Annual Healthcare Conference on November 29, 2023, in New York, NY. The second conference is the 6th Annual Evercore ISI HealthCONx Conference on November 30, 2023, in Miami, FL.
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Align Technology, Inc. has entered into a new accelerated stock repurchase agreement with Citibank, N.A. to repurchase $250 million of Align's common stock. The company's president and CEO, Joe Hogan, also intends to personally purchase $1.0 million of Align's common stock.
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FAQ

What is the current stock price of Align Technology (ALGN)?

The current stock price of Align Technology (ALGN) is $211.06 as of December 20, 2024.

What is the market cap of Align Technology (ALGN)?

The market cap of Align Technology (ALGN) is approximately 15.9B.

What is Align Technology's main product?

Align Technology’s main product is the Invisalign® System, the world’s most advanced clear aligner system.

How many patients have been treated with Invisalign?

Since its launch, Invisalign has treated over 17.6 million patients worldwide.

What technologies does Align Technology offer?

Align Technology offers Invisalign® clear aligners, iTero™ intraoral scanners, and exocad™ CAD/CAM software.

What is the iTero Lumina™ scanner?

The iTero Lumina™ is a next-generation intraoral scanner providing a wider field of capture, faster and more accurate scans, and superior patient comfort.

What was the purpose of acquiring Cubicure GmbH?

The acquisition of Cubicure GmbH aims to enhance Align’s 3D printing capabilities, supporting the development of innovative orthodontic solutions like the Invisalign Palatal Expander System.

How does Align Technology support scientific research?

Align Technology supports scientific research through its annual Research Awards Program, providing grants to universities for advancing dental care.

What is the Align Digital Platform?

The Align Digital Platform™ is an integrated suite of proprietary technologies and services designed to enhance digital orthodontic and restorative workflows.

How many Invisalign-trained doctors are there globally?

There are over 230,000 Invisalign-trained dentists and orthodontists worldwide.

What is the financial outlook for Align Technology?

Align Technology maintains robust financial health, with continuous investments in R&D and strategic acquisitions to drive future growth.

Where can I find more information about Align Technology’s products?

For more information, visit www.aligntech.com, www.invisalign.com, www.itero.com, or www.exocad.com.

Align Technology Inc

Nasdaq:ALGN

ALGN Rankings

ALGN Stock Data

15.94B
69.72M
6.6%
89.99%
4.01%
Medical Instruments & Supplies
Orthopedic, Prosthetic & Surgical Appliances & Supplies
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United States of America
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