Align Technology (NSDQ:ALGN) posted fourth-quarter results today that beat the consensus forecast on Wall Street. The San Jose, Calif.-based company reported profits of $121.3 million, or $1.53 per share, on sales of $649.8 million for the three months ended DEc. 31, 2019, for a bottom-line gain of 24.5% sales growth of 21.7% compared with Q4 2018. […]
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Align Technology dives on missed Q2 earnings
Align Technology (NSDQ:ALGN) shares jumped today on third-quarter results that topped the consensus forecast. The San Jose, Calif.-based company posted profits of $102.5 million, or $1.28 per share, on sales of $607.3 million for the three months ended Sept. 30, for a 1.6% bottom-line gain on sales growth of 20.2%. Adjusted to exclude one-time items, earnings […]
Zimmer Biomet, Align Technology ink distribution deal
Zimmer Biomet (NYSE:ZBH) said yesterday that it entered into a multinational distribution deal with Align Technology (NSDQ:ALGN) for its iTero Element family of intraoral scanners. The companies did not disclose the terms of the agreement, but said the partnership has a goal of delivering multiple digital workflows for dental professionals and laboratories, enabling business-to-business collaboration and offering […]
SmileDirectClub sets $20.50 per-share midpoint for $1.5B IPO
SmileDirectClub today set the pricing range on an initial public offering that could fetch up to $1.5 billion. Nashville, Tenn.-based SmileDirectClub produces 3D-printed clear dental aligners designed to provide an alternative to traditional braces. It boasts affordable orthodontic solutions, comparing its price of less than $2,000 to the $5,000 to $8,000 charged for traditional braces. […]
SmileDirectClub sets range on $1.5B IPO
SmileDirectClub yesterday set the pricing range on an initial public offering that could fetch up to $1.5 billion. Nashville, Tenn.-based SmileDirectClub produces 3D-printed clear dental aligners designed to provide an alternative to traditional braces. It boasts affordable orthodontic solutions, comparing its price of less than $2,000 to the $5,000 to $8,000 charged for traditional braces. […]
Align Technology dives on missed Q2 earnings
Align Technology (NSDQ:ALGN) posted second-quarter results today that beat the sales consensus missed badly on earnings, sending share prices down in mid-afternoon trading. The San Jose, Calif.-based company reported profits of $147.1 million, or $1.83 per share, on sales of $600.7 million for the three months ended June 30, for a bottom-line gain of 38.6% on […]
Report: Healthcare CEO pay balloons to $2.6B, quality of care not a factor in bonuses
Healthcare chief execs at 177 top companies collectively saw their compensation grow to $2.6 billion last year while quality of care and improvements to healthcare spending remained at most a marginal factor to their pay, according to an Axios analysis. Despite a focus on pharmaceutical CEOs, medical device company chief execs were five of the […]
Align Technology shares rise on Street-beating Q1
Shares in Align Technology (NSDQ:ALGN) have risen in after hours trading today after the orthodontic device maker posted first quarter 2019 earnings that topped expectations on Wall Street. The San Jose, Calif.-based company posted profits of $71.8 million, or 89¢ per share, on sales of approximately $549 million for the three months ended March 31, seeing […]
Align Technology puts $31m price tag on forced retail store closures
Align Technology (NSDQ:ALGN) yesterday put a price tag of as much as $31 million on the forced closure of its Invisalign retail outlets after losing arbitration with SmileDirectClub last month. The March 4 decision required San Jose, Calif.-based Align Technology to close the stores by April 3 and enjoined it from opening new Invisalign stores or […]
Align Tech, ClearCorrect parent co Straumann bury the hatchet, ink distro deal
Align Technology (NSDQ:ALGN) said today that it inked a deal with competitor ClearCorrect parent company Straumann Holding to settle all outstanding patent disputes between the companies. The deal includes a $35 million payment from Switzerland-based Straumann, as well as a 5-year global distribution deal through which Straumann will distribute 5,000 of San Jose, Calif.-based Align Tech’s iTero Element […]
Align Tech to close InvisAlign stores as result of arbitration with Smile Direct Club
Align Technology (NSDQ:ALGN) said today that it is closing its Invisalign stores due to the outcome of arbitration with SmileDirectClub. San Jose, Calif.-based Align Technology, known for its clear orthodontic alignment devices, said that it will close its Invisalign stores by April 3. The stores were first piloted in 2017 and have since expanded into 12 […]
