Align Technology (Nasdaq:ALGN) announced today that it entered into a new accelerated stock repurchase agreement with Citibank. Tempe, Arizona-based Align agreed to repurchase $250 million of its common stock. It falls under its $1 billion stock repurchase agreement announced in May 2021. The company’s most recent buyback took place in October 2022 through a $200 […]
Align Technology
Align Technology posts sales loss of 12% in Q4
Align Technology (Nasdaq:ALGN) this week announced fourth-quarter results that beat the overall consensus on Wall Street. The Tempe, Arizona-based dental aligner maker reported profits of $41.8 million, or 54¢ per share, on sales of $901.5 million for the three months ended December 31, 2022, for a bottom-line loss of 78.1% on sales loss of 12.6% […]
The biggest medtech stock gainers, losers in 2022
In another roller coaster year for medtech, these are the companies that saw their stock rise and fall the most drastically. The MassDevice MedTech 100 Index, which includes stocks of the world’s largest medical device companies, reflects the performance of many in the medtech space. In a tough year for a lot of businesses, the Index […]
Align Technology announces $200M stock repurchase agreement
Align Technology (Nasdaq:ALGN) announced today that it entered into a new, accelerated stock repurchase agreement with Goldman Sachs. Tempe, Arizona-based Align agreed to repurchase $200 million of its common stock under its $1 billion stock repurchase program. The company initially announced its repurchase program in May 2021. Shares of ALGN opened the day up 2.1% […]
Align Technology stock sinks on Q3 sales, EPS misses
Align Technology (Nasdaq:ALGN) shares took a massive hit today — a day after it reported Q3 results well short of the consensus forecast. ALGN shares fell 15.9% to $186.35 apiece in mid-morning trading. MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 1.3%. The Tempe, Arizona-based dental […]
Align Technology launches iTero-exocad Connector software
Align Technology (Nasdaq:ALGN) announced that it unveiled its latest iTero-exocad Connector software. Tempe, Arizona-based Align designs its iTero-exocad Connector software for digital orthodontics and restorative dentistry. It integrates the iTero intraoral camera and NIRI images within the exocad DentalCAD 3.1 Rijeka software. The company introduced it yesterday at the exocad Insights 2022 event in Mallorca, […]
Align Technology launches AI-powered home monitoring for Invisalign clear teeth aligners
Align Technology (Nasdaq:ALGN) announced that it launched the Invisalign Virtual Care AI remote monitoring solution. Tempe, Arizona-based Align designed the next-generation platform to streamline workflows for doctors and their staff. Features include patient enrollment, setup, and review directly on the Invisalign Doctor Site. This eliminates the need to use separate standalone solutions. Assisted by artificial […]
Align Technology opens first regional manufacturing facility in Europe
Align Technology (Nasdaq:ALGN) announced that it opened its first Europe, Middle East & Africa (EMEA) manufacturing facility. The regional facility opened in Wroclaw, Poland. It represents Align’s third regional manufacturing facility globally, joining the existing ones in Juarez, Mexico, and Ziyang, China. Align said in a news release that the state-of-the-art facility will serve as […]
Align Technology stock up on $200M buyback
Align Technology (NSDQ:ALGN) today announced that it entered a new accelerated stock repurchase agreement worth up to $200 million. Tempe, Arizona-based Align may repurchase $200 million of common stock under the $1 billion stock repurchase program announced in May last year. CEO Joe Hogan intends to purchase $2 million of Align’s common stock as well. […]
Align Technology settles patent infringement, antitrust suits with 3Shape
Align Technology (Nasdaq: ALGN) has settled its five-year legal dispute with Denmark-based dental scanner and software maker 3Shape. The settlement, announced yesterday, covers 3Shape’s patent infringement claims pending in federal courts in Delaware and eastern Texas. 3Shape also had an antitrust claim pending against Align in Delaware District Court, and both companies had petitions to […]
Align Technology posts Street-beating Q4 on record-breaking revenues
Align Technology (NSDQ:ALGN) shares dipped slightly today despite fourth-quarter results that topped the consensus forecast. The Tempe, Arizona-based dental technology company posted profits of $191 million, or $2.40 per share, on sales of $1.031 billion for the three months ended Dec. 31, 2021, for a 20.1% bottom-line gain on sales growth of 23.6%. Align’s revenue […]
