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Jun 30, 2020
Align Q2 2020 Earnings Report
Reported a decrease in revenue and a net loss due to the impact of the COVID-19 pandemic.
Key Takeaways
Align Technology reported a significant decrease in revenue and a net loss for Q2 2020 due to the impact of the COVID-19 pandemic. Total revenues were $352.3 million, a 41.3% decrease year-over-year. The company saw declines in both Clear Aligner and Imaging Systems and CAD/CAM Services revenues.
Total revenues decreased by 41.3% year-over-year to $352.3 million.
Clear Aligner revenues decreased by 39.9% year-over-year to $298.3 million.
Imaging Systems and CAD/CAM Services revenues decreased by 48.1% year-over-year to $54.0 million.
GAAP net loss was $40.6 million, or $(0.52) per diluted share.
Align
Align
Align Revenue by Segment
Revenue by Segment
Imaging Systems and CAD/CAM Services Revenue
CapyFin.com Forward Guidance
Due to the uncertain scope and duration of the pandemic, and uncertain timing of the global recovery and economic normalization, we cannot at this time reasonably estimate the future impact on our operations and financial results. Accordingly, we are not providing guidance for the third quarter of fiscal year 2020.