Align Technology Inc Stock Price, News & Analysis

Align Technology has filed a lawsuit against 3Shape for infringing seven additional patents in the U.S. District Court for the Western District of Texas. This lawsuit asserts over 30 patents against 3Shape, following a previous determination by the ITC that 3Shape’s scanners violated Align's patents. Align aims to protect its intellectual property and intends to assess further patent assertions against 3Shape if necessary.

Align Technology, Inc. (Nasdaq: ALGN) will announce its third quarter 2020 financial results on October 21, 2020, after market close at 4:00 p.m. ET. The results will be accessible on the Investor Relations section of their website. A conference call is scheduled for 4:30 p.m. ET to discuss these results, available via audio webcast. An archived replay will be accessible within an hour post-call and will be available for one month. Align Technology specializes in clear aligners, intraoral scanners, and CAD/CAM software, improving patient outcomes through advanced digital dentistry.

Align Technology has reached a significant milestone by treating its 1 millionth patient in the Asia Pacific with the Invisalign system, the leading clear aligner technology. This announcement emphasizes the growing adoption of Invisalign, with over 8 million patients worldwide. The milestone was celebrated by highlighting Ayumu Saito, a 23-year-old Olympic hopeful, as the 1 millionth patient. Align Tech is committed to enhancing patient outcomes through digital orthodontics and has contributed over $1 million to Operation Smile, supporting children and adults born with cleft conditions.

Align Technology announced a multi-year partnership with the New Orleans Saints, designating Invisalign as the 'Official Smile' partner. This collaboration aims to boost awareness and demand for Invisalign treatments through social and digital platforms. The partnership includes promoting defensive end Cam Jordan's Invisalign experience, benefiting the Youth Empowerment Project (YEP) in providing makeover treatments to underserved youth. Align has treated over 8 million patients with Invisalign, focusing on transforming smiles and enhancing community engagement.

Align Technology launched the Align Digital and Practice Transformation (ADAPT) service to aid orthodontic practices in transitioning to digital workflows. This fee-based consulting service aims to optimize operational processes, enhancing patient experiences and overall practice efficiency.

Practices involved in the pilot saw an average revenue increase of 20% and a 15% profit rise within six months of ADAPT implementation. The service will be globally available across the EMEA, APAC regions, and the US in late 2020.

Align Technology reported Q2 2020 total revenues of $352.3 million, down 41.3% year-over-year. The GAAP net loss per diluted share was $(0.52), and non-GAAP net loss was $(0.35). Invisalign volume fell to 221.9 thousand cases, a 41.2% decrease. The company acquired exocad for $430 million, aiming to enhance its digital platform. Although practices are reopening, uncertainty around the pandemic's impact persists, leading to no guidance for Q3 2020.

Align Technology (Nasdaq: ALGN) announced the awarding of nine research grants as part of its Annual Research Award Program, reflecting growing global interest in dental and orthodontic treatments. The grants support various orthodontic research projects, validating the efficacy of the Invisalign system in clinical applications. Award recipients include institutions from North America, Europe, and Asia Pacific, addressing topics such as the effects of orthodontic appliances and treatment methodologies.

Align Technology will announce its second quarter 2020 financial results on July 22, 2020, after market close. The results will be available at 4:00 p.m. ET on their Investor Relations website. A conference call will follow at 4:30 p.m. ET to discuss the results. Investors can listen to the call live online and participate via phone. An archived audio webcast and telephonic replay will be available after the call. Align Technology is known for its Invisalign system and digital dental solutions, having treated over 8 million patients.

Align Technology has partnered with MedTech Innovator to support innovative medtech startups in the Asia Pacific region. The collaboration aims to mentor early to mid-stage companies selected for the 2020 Asia Pacific Showcase program. This initiative will award over $300,000 in prizes and support to promote advancements in patient care. Align’s commitment reflects its ongoing dedication to transforming orthodontic and restorative treatments through innovation.