The company said total revenue for Q1 2024 rose 5.8% year-over-year and 4.3% sequentially to $997.4 million. Clear Aligner revenue was $817.3 million, and Imaging Systems and CAD/CAM Services revenue was $180.2 million.

1. 01

   The company said total revenue for Q1 2024 rose 5.8% year-over-year and 4.3% sequentially to $997.4 million. Clear Aligner revenue was $817.3 million, and Imaging Systems and CAD/CAM Services revenue was $180.2 million.

2. 02

   The company said that for Q1 2024, GAAP operating income was $154.1 million (operating margin of 15.5%), and net income was $105.0 million ($1.39 per diluted share). It said non-GAAP operating margin was 19.8% and non-GAAP diluted earnings per share were $2.14.

3. 03

   Align Technology said it entered into a Subscription Agreement with Heartland Dental Holding Corporation on April 22, 2024. Under the agreement, it will buy Class A Common Stock for $75 million, acquiring an equity interest in Heartland of less than 5%.

4. 04

   Align Technology said it expects full-year 2024 total revenue to grow +6% to +8% year-over-year, above its prior outlook of mid-single-digit growth. It gave a Q2 revenue range of $1,030M to $1,050M.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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