SAN JOSE, CA--(Marketwired - Apr 23, 2014) - Align Technology, Inc. (NASDAQ: ALGN)
• Q1 Net revenues of $180.6 million increased 17.6% year-over-year
• Q1 Invisalign clear aligner net revenues of $168.2 million increased 18.8% year-over-year
• Q1 GAAP earnings per diluted share (EPS) of $0.39
• Board of directors approves $300 million stock repurchase plan
Align Technology, Inc. (NASDAQ: ALGN) today reported financial results for the first quarter ended March 31, 2014. Total net revenues for the first quarter of 2014 (Q1'14) were a record $180.6 million, a 17.6% increase year-over-year. Clear aligner case shipments in Q1'14 were 112.2 thousand, a 14.3% increase year-over-year. GAAP net profit for Q1'14 was $32.4 million, or $0.39 per diluted share, an increase of 52.7% year-over-year or $0.13 per diluted share when compared to non-GAAP net profit.
• Q1 Net revenues of $180.6 million increased 17.6% year-over-year
• Q1 Invisalign clear aligner net revenues of $168.2 million increased 18.8% year-over-year
• Q1 GAAP earnings per diluted share (EPS) of $0.39
• Board of directors approves $300 million stock repurchase plan
Align Technology, Inc. (NASDAQ: ALGN) today reported financial results for the first quarter ended March 31, 2014. Total net revenues for the first quarter of 2014 (Q1'14) were a record $180.6 million, a 17.6% increase year-over-year. Clear aligner case shipments in Q1'14 were 112.2 thousand, a 14.3% increase year-over-year. GAAP net profit for Q1'14 was $32.4 million, or $0.39 per diluted share, an increase of 52.7% year-over-year or $0.13 per diluted share when compared to non-GAAP net profit.
