Welcome to our dedicated page for Align Technology news (Ticker: ALGN), a resource for investors and traders seeking the latest updates and insights on Align Technology stock.
Align Technology reports developments in digital orthodontics and restorative dentistry through its Invisalign System of clear aligners, iTero intraoral scanners, exocad CAD/CAM software and the Align Digital Platform. Company news commonly covers product and workflow updates for clear-aligner treatment planning, intraoral scanning, 3D visualization and digitally connected dental practices.
Recurring updates also include quarterly and annual operating results, clear-aligner shipment and channel trends, regional demand, foreign-exchange effects, stock repurchase activity, financial-conference participation and governance or shareholder-voting matters. Other announcements describe clinical education, professional collaborations and access-to-care initiatives involving orthodontists, general practitioner dentists and dental research organizations.
Align Technology (NASDAQ: ALGN) will announce its fourth-quarter and full-year 2022 financial results on February 1, 2023, after market close at 4:00 p.m. ET. A conference call will follow at 4:30 p.m. ET for investors to discuss these results. Tentative earnings release dates for fiscal 2023 are set for April 26, July 26, and October 25. The information will be accessible on the company's Investor Relations website, along with a telephonic replay available until February 15, 2023.
Align Technology (NASDAQ: ALGN) has opened its 2023 Research Award Program, offering up to $300,000 in funding for clinical and scientific dental research globally. Since its inception in 2010, the program has allocated approximately $2.7 million to support dental research. Awards include four one-year grants of up to $25,000 each, available across the Americas, EMEA, and APAC regions. Applications are due by March 3, 2023, with recipients notified by June 5, 2023.
Align Technology and Desktop Metal have announced a strategic collaboration to enhance digital restorative dentistry. Align will supply its iTero Element™ Flex intraoral scanners to Desktop Labs, connecting general dentists with a premium lab network in the U.S. This exclusive partnership aims to streamline workflow and improve patient care by enabling dentists to perform full arch scans and send files directly to labs. The collaboration reflects Align's commitment to advancing digital dentistry and improving treatment efficiencies.
Align Technology and Desktop Metal have announced a strategic collaboration to integrate iTero Element Flex intraoral scanners into the Align Digital Platform. This partnership aims to enhance digital restorative dentistry by connecting general dentist locations with Desktop Labs' extensive lab network. The iTero scanner will facilitate better workflows for dentists, enabling efficient communication with labs and quicker patient evaluations. The collaboration signifies a substantial step toward advancing digital dentistry and improving patient care.
Align Technology has announced a new accelerated stock repurchase agreement (ASR) to buy back $200 million of its common stock, part of a $1 billion repurchase program initiated in May 2021. CEO Joe Hogan will personally purchase an additional $2 million of Align shares, enhancing shareholder value. As of September 30, 2022, Align had approximately $1.1 billion in cash and 78.2 million shares outstanding. The ASR is expected to be completed by February 1, 2023.
Align Technology reported Q3'22 results with total revenues of $890.3 million, down 12.4% year-over-year. Clear Aligner revenues declined 12.5% year-over-year, totaling $732.8 million. The company faced substantial foreign exchange impacts, decreasing revenues by $57.4 million year-over-year. Operating income was $143.7 million with a 16.1% operating margin, impacted by foreign exchange as well. Align celebrated reaching 14 million Invisalign patients and opened its first EMEA manufacturing facility in Poland.
Align Technology has announced the release of the iTero-exocad Connector, enhancing digital workflows for dental professionals. This integration allows users to visualize tooth structures using iTero intraoral cameras and NIRI images within the exocad DentalCAD 3.1 Rijeka software. Available for iTero Element 5D systems, this innovation streamlines design processes, enabling lab technicians to begin designing restorations with a single click. The release is effective from October 3, 2022, and is aimed at improving communication between labs and doctors, ultimately enhancing patient care.
Align Technology, a leader in clear aligner systems, announced its third-quarter 2022 financial results will be released on October 26, 2022, at 4:00 p.m. ET. A conference call to discuss these results will follow at 4:30 p.m. ET. The call can be accessed via dial-in or streamed online. Align has served over 13.4 million patients with its innovative products and continues to grow in the digital orthodontics space. Investors can find financial results and listen to the conference call on their Investor Relations website.
Align Technology has launched Invisalign Virtual Care AI, enhancing remote monitoring with AI-assisted features for orthodontists. This innovation allows doctors to manage patient treatment via the Invisalign Doctor Site without separate portals, streamlining workflows. Key functionalities include AI-assisted Automatic Assessment for tracking aligner fit and Automated Notifications to advise patients on their treatment progress. The system integrates with the Align Digital Platform, improving patient compliance and treatment tracking efficiency.
Align Technology has opened its first Europe, Middle East & Africa (EMEA) manufacturing facility in Wroclaw, Poland, marking a significant investment in the region. The new facility will support Align's EMEA operations and aims to produce almost 1 million clear aligner parts daily. This initiative is expected to create over 2,500 jobs by 2025. The facility aligns with Align's strategy to enhance service quality and delivery times for its customers, as the EMEA region contains over 7 million annual orthodontic cases and 150 million potential consumers.