Align Technology said 2024 Americas Clear Aligner case revenues were $1,426.3 million, a decrease of 2.5% year-over-year, and International Clear Aligner case revenues were $1,500.5 million, an increase of 3.5% year-over-year. Imaging Systems and CAD/CAM Services revenues were $768.9 million, an increase of 16.0%.

1. 01

   Align Technology said 2024 Americas Clear Aligner case revenues were $1,426.3 million, a decrease of 2.5% year-over-year, and International Clear Aligner case revenues were $1,500.5 million, an increase of 3.5% year-over-year. Imaging Systems and CAD/CAM Services revenues were $768.9 million, an increase of 16.0%.

2. 02

   The company said 2024 Americas net revenues decreased by $37 million, citing a 3.0% decline in average selling price, which reduced net revenues by $44 million, as the principal factor. It cited a mix shift to lower-priced products and countries, which reduced net revenues by $88 million, and higher promotional discounts, which reduced net revenues by $66 million, as factors in the average selling price decline.

3. 03

   Align Technology said operating cash flow for 2024 was $738 million, which included net income of approximately $421 million, stock-based compensation of $174 million and depreciation and amortization of $145 million. It added that there was a net outflow of $153 million from accounts receivable.

4. 04

   The company said it used net cash of $255 million in investing activities in 2024, with principal items being purchases of property and equipment of $116 million, the Cubicure acquisition of $77 million and investments in private companies of $106 million. It used $356 million in financing activities, with share repurchases totaling $353 million.

Key figures

Fiscal year ended December 31, 2024

Revenue

$4.0B

Operating income

$608M

Net income

$421M

EPS

$5.62

Gross profit

$2.8B

Operating cash flow

$738M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). 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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.