Align Technology has announced its financial results for the 2017 business year, which marked another record-breaking period for the company.
For the full 12 months, the firm reached a revenue total of $1.5 billion (GBP 1.06 billion), up by 36.4 percent year over year. For the fourth quarter alone, revenues came to $421.3 million, up by 43.7 percent to reach a record total.
“Align Technology has reported record-breaking financial results for 2017.“
During the year, the firm generated $1.3 billion in sales of its flagship Invisalign clear aligner range, with case shipments advancing 31.4 percent to 931,000. Meanwhile, iTero revenues also jumped by 35.1 percent to $164.2 million.
The company saw particularly strong traction for Invisalign among teenage patients. This expansion of Align's customer base means it was able to add more than 4,000 new Invisalign customers for the third consecutive quarter.
Align Technology's president and chief executive officer Joe Hogan said: "Overall, the fourth quarter was a strong finish to another outstanding year for Align, with better-than-expected revenues, volumes and operating income."
For the first quarter of 2018, Align expects to achieve net revenues in the range of $400 million to $410 million, up approximately 29 percent to 32 percent year on year.
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