•
Mar 31, 2022

Align Q1 2022 Earnings Report

Announced first quarter 2022 financial results.

Key Takeaways

Align Technology reported Q1 2022 total revenues of $973.2 million, an 8.8% increase year-over-year. Q1'22 diluted net income per share was $1.70; Q1 non-GAAP diluted net income per share was $2.13.

Q1'22 total revenues of $973.2 million, compared to $894.8 million in Q1'21

Q1'22 Invisalign volume of 598.8 thousand cases, compared to 595.8 thousand cases in Q1'21

Q1'22 Invisalign cases for teenage patients of 175.2 thousand cases, 29.3% of total volumes, compared to 165.3 thousand cases, or 27.7% of total volumes in Q1'21

Q1'22 diluted net income per share of $1.70; Q1 non-GAAP diluted net income per share of $2.13

Total Revenue
$973M
Previous year: $895M
+8.8%
EPS
$2.13
Previous year: $2.49
-14.5%
Invisalign Cases Shipped
598.84K
Previous year: 595.8K
+0.5%
Gross Profit
$709M
Previous year: $677M
+4.8%
Cash and Equivalents
$926M
Previous year: $1.1B
-15.8%
Free Cash Flow
-$56.8M
Previous year: $184M
-130.9%
Total Assets
$5.94B
Previous year: $5.07B
+17.2%

Align

Align

Align Revenue by Segment

Forward Guidance

During Q2'22, we expect to repurchase up to $200.0 million of our common stock through either, or a combination of, open market repurchases or an accelerated stock repurchase agreement.

Revenue & Expenses

Visualization of income flow from segment revenue to net income