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Sep 30, 2020
Align Q3 2020 Earnings Report
Announced third quarter 2020 financial results, achieving a 9 millionth Invisalign patient milestone.
Key Takeaways
Align Technology reported strong Q3 2020 results with total revenues of $734.1 million, up 20.9% year-over-year. Clear Aligner revenues were $620.8 million, up 20.2% year-over-year, and Imaging Systems and CAD/CAM Services revenues were $113.4 million, up 24.5% year-over-year. The company also reached its 9 millionth Invisalign patient milestone.
Total revenues reached $734.1 million, a 20.9% increase year-over-year.
Clear Aligner revenues increased by 20.2% year-over-year, reaching $620.8 million.
Imaging Systems and CAD/CAM Services revenues grew by 24.5% year-over-year to $113.4 million.
Clear Aligner volume was 496.1 thousand cases, up 28.7% year-over-year.
Align
Align
Align Revenue by Segment
Revenue by Segment
Imaging Systems and CAD/CAM Services Revenue
CapyFin.com Forward Guidance
The company's overall revenue momentum has continued into October and they are encouraged by positive feedback from Invisalign providers regarding the benefits of digital orthodontics starting with an iTero scanner for Invisalign treatment - especially in this COVID-19 environment.