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Mar 31, 2020
Align Q1 2020 Earnings Report
Align's Q1 2020 financial results were announced, revealing a slight revenue increase but a significant impact from the COVID-19 pandemic.
Key Takeaways
Align Technology reported Q1 2020 total revenues of $551.0 million, a 0.4% increase year-over-year. The company experienced growth in clear aligner revenues, offset by a decline in scanner and services revenues, with the COVID-19 pandemic significantly impacting sales in late March.
Total revenues reached $551.0 million, up 0.4% year-over-year.
Clear aligner revenues increased to $481.6 million, a 2.6% year-over-year increase.
Scanner and services revenues decreased to $69.4 million, down 13.1% year-over-year.
Invisalign case shipments totaled 359.4 thousand, up 2.9% year-over-year.
Revenue by Segment
Forward Guidance
Due to the uncertain scope and duration of the pandemic, and uncertain timing of the global recovery and economic normalization, the company is not providing guidance for the second quarter of fiscal year 2020 and are withdrawing their full year 2020 guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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