Both revenues and case volume were up for the first quarter of 2021 over first quarter 2020, reflecting growth for both the Invisalign Clear Aligners and iTero Systems and Services segments.
Align Technology Inc reported financial results for the first quarter of fiscal 2021. Total revenues for the period were $894.8 million, up 62.4% year-over-year, with clear aligner revenues up 56.4% year-over-year at $753.3 million and imaging systems and CAD/CAM services revenues up 104.0% year-over-year at $141.5 million.
Clear aligner volume was up, with 595,800 cases—65.8% up year-over-year. For the Americas and international regions, Q1 2021 clear aligner volume was up 53.8% and up 83.2% year-over-year, respectively. The company reported 165,300 teen clear aligner cases for Q1, up 58.9% year-over-year.
Align Technology President and CEO Joe Hogan, commenting on the company’s Q1 2021 financial results, said, “I’m pleased to report another strong quarter with record revenues and volumes reflecting strong growth for both Invisalign Clear Aligners and iTero Systems and Services across products and customer channels worldwide. Q1 sequential Invisalign Clear Aligner growth was driven by strength in both adult and teen market segments, across products and customer channels especially in North America and the EMEA region, led by UKI, Germany and France. The year is off to a great start – and Q1 reflects increasing momentum from continued investments in our strategic initiatives.
“During the quarter we reached a significant milestone with our 10 millionth Invisalign patient, Gabriela Silva, who recently began treatment with Dr Eunice Blind, an Invisalign-trained orthodontist in São Paulo, Brazil, one of our fastest growing country markets. It’s remarkable to think about the pace of growth and adoption that we are experiencing worldwide, especially when considering it took 10 years to achieve our one millionth Invisalign patient milestone. Now we are adding one million new Invisalign patients in less than six months. We are grateful to our doctor partners and their patients, and to our 20,000 employees around the world who have helped us reach this milestone.”
To mark the 10 millionth milestone, the company is donating $10 million to the Align Foundation, a donor-advised fund launched in 2020 and managed by Fidelity Charitable, to fund organizations that “transform smiles and support and educate teens.” Align is also partnering with Por 1 Sorriso, a Brazilian non-governmental organization (NGO) to “help create even more smiles” in socially vulnerable communities.
