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Mar 31, 2021
Align Q1 2021 Earnings Report
Reported record first quarter financial results with significant revenue and volume growth.
Key Takeaways
Align Technology reported a strong first quarter with record revenues and volumes, driven by growth in both Invisalign Clear Aligners and iTero Systems and Services. Total revenues increased by 62.4% year-over-year, with Clear Aligner revenues up 56.4% and Imaging Systems and CAD/CAM Services revenues up 104.0%. The company also reached a milestone of treating its 10 millionth Invisalign patient.
Total revenues were $894.8 million, up 62.4% year-over-year.
Clear Aligner revenues were $753.3 million, up 56.4% year-over-year.
Imaging Systems and CAD/CAM Services revenues were $141.5 million, up 104.0% year-over-year.
GAAP net income was $200.4 million, or $2.51 per diluted share.
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Forward Guidance
Align provides the following guidance for 2021.