STOCK TITAN

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.

Overview of Align Technology Inc

Align Technology Inc is a globally recognized medical device company that specializes in digital dental solutions, blending advanced imaging technology with state‐of‐the‐art manufacturing processes. The company is renowned for its innovative approach to orthodontic treatment, leveraging invisalign clear aligners and sophisticated intraoral scanning systems to help dental professionals deliver precise and customized treatment plans.

Core Business and Operations

The company operates at the forefront of digital dentistry, offering products that combine proprietary virtual modeling software with efficient production techniques. Invisalign clear aligners are designed to correct mild to complex dental irregularities without the need for traditional braces. Through a seamless integration of optical scanning and computer-aided design, the systems provide detailed treatment plans that are tailored to individual patient needs. This technological synergy not only enhances clinical accuracy but also streamlines the overall treatment process.

Digital Transformation in Orthodontics

The integration of digital solutions into dentistry is a key pillar of Align Technology’s operations. The company’s intraoral scanning solution, known as the iTero scanner, utilizes parallel confocal imaging and advanced laser scanning to capture highly precise digital impressions of patients' dentition. These scans are instrumental in guiding treatment strategies and ensuring that every aligner is custom-made for optimal fit and performance.

Innovative Approach and Market Position

Align Technology is positioned uniquely in the orthodontic and dental devices market by continually pushing the boundaries of digital innovation. Its products are not just instruments but comprehensive digital solutions that offer both operational efficiency and enhanced clinical outcomes. With a wide network of certified dental professionals including orthodontists and general practitioners, its systems facilitate a collaborative treatment planning process that aligns with modern dental practices.

Business Model and Revenue Generation

The company generates revenue primarily through the sale of its innovative dental solutions and related services. By integrating advanced digital technologies with a robust manufacturing process, it has created an ecosystem that supports continuous improvement in treatment efficacy. The strategic focus on digital records and custom manufacturing allows for scalable operations and the establishment of strong partnerships within the dental industry.

Competitive Landscape and Differentiation

In a competitive market characterized by rapid technological advancements, Align Technology distinguishes itself through its commitment to innovation and precision. The company’s comprehensive treatment platform, which merges proprietary software with advanced imaging technology, sets it apart from traditional orthodontic methods. This differentiation is underscored by its extensive global network of professionals who are trained to apply these technologies effectively in their practices.

Technological Expertise and Industry Insights

Align Technology’s success lies in its deep technological expertise in digital imaging and manufacturing. The use of sophisticated software for treatment planning, coupled with state‐of‐the‐art hardware solutions, illustrates a high level of integration across its product portfolio. Digital dentistry keywords such as precision imaging, virtual treatment planning, and rapid production are interwoven in the company’s approach to revolutionizing dental care practices globally. This not only enhances treatment outcomes but also contributes to an overall more efficient workflow for dental professionals.

Strategic Importance in the Dental Market

The company’s innovative products have reshaped how dental corrections are managed and delivered. Offering non-invasive treatment options and reducing the reliance on traditional braces, its solutions have been widely embraced in modern orthodontics. With a focus on both clinical and operational excellence, Align Technology plays a critical role in advancing dental care standards and making digital treatment options more accessible around the world.

Summary

In summary, Align Technology Inc is a prime example of how digital transformation can redefine an industry. It skillfully combines technology with healthcare to deliver effective orthodontic options. The company’s focus on innovative product development, precise digital imaging, and robust manufacturing processes makes it a cornerstone in the field of digital dentistry. Its comprehensive suite of products, designed to meet the evolving needs of dental professionals and patients alike, underscores its lasting impact on the orthodontic landscape.

Rhea-AI Summary
Align Technology, Inc. (NASDAQ: ALGN) has announced the launch of the iTero Lumina™ intraoral scanner, powered by the new iTero Multi-Direct Capture™ technology. The scanner features a 3X wider field of capture in a 50% smaller and 45% lighter wand, delivering faster scanning speed, higher accuracy, superior visualization, and a more comfortable scanning experience. The iTero Lumina scanner is designed to capture more data, deliver exceptional scan quality, and remove the need for intraoral photos. It offers multi-angled scanning, a larger capture distance, and effortless scanning experience, setting a new standard in digital scanning technology. The launch aims to enhance clinical outcomes, increase practice efficiency, and deliver an elevated, more comfortable experience for clinicians and patients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.27%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.27%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.01%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.62%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.09%
Tags
none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
management
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.13%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
buyback
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.66%
Tags
conferences

FAQ

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

The current stock price of Align Technology (ALGN) is $173.87 as of April 22, 2025.

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

The market cap of Align Technology (ALGN) is approximately 12.0B.

What is Align Technology Inc known for?

Align Technology Inc is known for its digital dental solutions, particularly its clear aligners and intraoral scanners, which enhance orthodontic treatments.

How do Invisalign clear aligners work?

Invisalign clear aligners are custom-made using proprietary virtual modeling software and advanced manufacturing techniques to gradually shift teeth into improved alignment.

What technology powers the iTero intraoral scanner?

The iTero intraoral scanner utilizes parallel confocal imaging and precision optical scanning to capture detailed digital impressions of a patient’s dentition for treatment planning.

How does the company generate its revenue?

Align Technology generates revenue through the sales of its innovative dental solutions and related services, leveraging digital technology and mass-customization in treatment planning.

Who are the primary users of Align Technology's products?

The primary users include orthodontists and general dental practitioners who utilize the company’s advanced digital systems to plan and execute precise dental treatments.

How does Align Technology differentiate itself in the market?

The company differentiates itself by integrating advanced digital imaging, proprietary software, and high-precision manufacturing to deliver customized orthodontic solutions.

What role does digital dentistry play in Align Technology's operations?

Digital dentistry is central to Align Technology’s operations, enabling precise treatment planning, efficient production of custom aligners, and enhanced clinical outcomes.

How does Align Technology maintain industry expertise?

Through continuous innovation, integration of advanced imaging technology, and a strong network of dental professionals, Align Technology consistently demonstrates deep industry expertise.
Align Technology Inc

Nasdaq:ALGN

ALGN Rankings

ALGN Stock Data

12.02B
68.38M
6.67%
91.19%
5.13%
Medical Instruments & Supplies
Orthopedic, Prosthetic & Surgical Appliances & Supplies
Link
United States
TEMPE