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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.

Rhea-AI Summary
Align Technology, Inc. (Nasdaq: ALGN) reported Q3'23 financial results. Clear aligner shipments to teenage patients increased 9.9% sequentially and 8.4% YoY. The company expects to repurchase up to $250.0 million of its common stock in Q4'23. Q3'23 total revenues were $960.2 million, up 7.8% YoY. Q3'23 diluted net income per share was $1.58, non-GAAP diluted net income per share was $2.14.
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Align Technology, Inc. will report Q3 2023 financial results on October 25, 2023. The results will be available on the Align website. A conference call will follow to discuss the results.
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Align Technology opens customer education and training center in Toronto, Canada to promote professional engagement and training about Invisalign clear aligners and digital dentistry.
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Align Technology introduces Plan Editor in ClinCheck treatment planning software, providing enhanced flexibility and customization for doctors in designing treatment plans.
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Align Technology introduces Invisalign Palatal Expander System, a 3D printed device for orthodontic treatment. The system offers a safe and effective alternative to metal palatal expanders, with customizable devices based on digital scans. It is currently available on a limited basis in Canada and is expected to expand to other markets in 2024.
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Align introduces doctor enabled direct ship to patient feature in Vivera Retainer Subscription platform
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Align Technology introduces new SmartForce feature for attachment-free aligner activation, aiming to reduce the need for attachments and enhance patient experience in Invisalign treatment.
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Align Technology to acquire Cubicure GmbH, a pioneer in direct 3D printing solutions for polymer additive manufacturing, for approximately €79 million. The acquisition will strengthen Align's capabilities in direct 3D printing and expand their knowledge in innovation. Expected to close in Q4 2023 or early 2024.
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Align Technology introduces new software innovations to accelerate digital practice transformation.
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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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