The company said Imaging Systems and CAD/CAM Services revenues rose 16.1% year-over-year to $196.8 million for the 3 months ended June 30, 2024, and net income was $96.6 million, or $1.28 per diluted share.

1. 01

   The company said Imaging Systems and CAD/CAM Services revenues rose 16.1% year-over-year to $196.8 million for the 3 months ended June 30, 2024, and net income was $96.6 million, or $1.28 per diluted share.

2. 02

   The company said Clear Aligner case volume rose 3.2% year-over-year in Q2, while Americas net revenues fell $9.3 million. It cited a product mix shift to lower-priced products and higher promotional discounts as the main drivers of the 2.6% decline in ASP.

3. 03

   The company said it recorded a legal settlement loss of $31.1 million for the 3-month and 6-month periods ended June 30, 2024, related to the Misty Snow Antitrust Class Action and other matters. It cited this loss as the main factor in the decline in operating margin.

4. 04

   The company said cash, cash equivalents and marketable securities totaled $782.1 million as of June 30, 2024. Cash used in investing activities was $192.1 million net, and operating cash flow for the 6 months was $188.5 million.

Key figures

Quarter ended June 30, 2024

Revenue

$1.0B

Operating income

$147M

Net income

$97M

EPS

$1.28

Gross profit

$723M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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