Align Technology Inc Stock Price, News & Analysis

Align Technology (Nasdaq: ALGN) reported a favorable arbitration outcome, receiving a total of $99.7 million from SDC Entities. This includes a $54.2 million payment already made. The arbitration mandates SDC to pay an additional $45.5 million plus interest of $3,000 per day starting March 13, 2021. CFO John Morici highlighted strong performance in the first quarter, driven by increasing demand for Invisalign Clear Aligners and iTero Systems. Despite this positive momentum, the company remains cautious about potential risks, including market competition and economic conditions affecting consumer behavior.

Align Technology has announced a partnership with the Golden State Warriors, becoming the Official Smile Partner. This collaboration aims to engage Warriors fans through various channels, including TV and digital media, and features jersey sponsorships with the Warriors' G League and esports teams. The partnership emphasizes fan experience and community engagement, reflecting Align’s commitment to enhancing smiles. Align also supports Junior Achievement of Northern California as part of this initiative. The deal is expected to increase brand visibility across multiple platforms.

Align Technology, Inc. (Nasdaq: ALGN) announced its participation in the 2021 SVB Leerink Global Healthcare Conference on February 26, 2021. The presentation will be held virtually from 10:40 A.M. to 11:10 A.M. Eastern Time and will be available for live streaming on their Investor Relations website. An archived version will be accessible for three months post-event. Align Technology specializes in innovative dental solutions, including the Invisalign system, and has treated over 9.6 million patients. For more details, visit www.aligntech.com.

Align Technology has announced the launch of Invisalign G8 equipped with SmartForce® Aligner Activation, enhancing treatment predictability for common orthodontic cases such as crowding, crossbite, and deep bite. Utilizing insights from over 9 million patients, this innovation optimizes tooth movement, ensuring precise application of forces. The improvements include 2x predictability in incisor intrusion and automatic placement of Precision Bite Ramps. Align Technology aims to enhance both patient outcomes and practice efficiencies with this latest addition.

Align Technology (NASDAQ: ALGN) has launched the iTero Element® Plus Series, enhancing its digital scanning solutions for the dental market. This new series offers faster processing times, improved visualization, and the integration of AI technology, addressing evolving dental practice needs. Designed for better productivity and patient care, the series includes both cart and mobile configurations, making it versatile for different clinical settings. The iTero Element Plus Series is available in various markets, with further expansions expected throughout 2021 and 2022.

Align Technology reported Q4 2020 results with total revenues of $834.5 million, reflecting a 28.4% year-over-year growth. Clear Aligner revenues hit $700.7 million, up 28.9% year-over-year, while operating margin improved to 25.5%. The company reached a milestone of 2 million Invisalign patients in EMEA. For the full year, revenues reached $2.5 billion, up 2.7% from 2019. Q4 net income was $159.0 million or $2.00 per share. Align's strategic focus, including marketing and technology investments, has positioned the company for continued growth in 2021.

Align Technology has officially established its new global corporate headquarters in Tempe, Arizona, effective January 1, 2021. The San Jose campus will now serve as the hub for the company's global innovation and marketing, housing a new Digital Innovation Center. Approximately 150 employees are being offered relocation packages, but layoffs are not anticipated. CEO Joe Hogan emphasized the commitment to innovation and support for employees during this transition. The move aims to enhance operational efficiencies while benefiting from Arizona's favorable business environment.

Align Technology, Inc. (Nasdaq: ALGN) will report its fourth quarter and 2020 financial results on February 3, 2021, after market close at 4:00 p.m. ET. A conference call to discuss these results will follow at 4:30 p.m. ET. Tentative earnings dates for fiscal 2021 have also been announced, with Q1 set for April 28, Q2 on July 28, and Q3 on October 27. Align Technology specializes in the Invisalign system and related digital dental technologies, having treated over 9 million patients globally.