Align Technology President and CEO Joe Hogan remarked on the strategic value of the iTero business as the imaging and CAD/CAM services segment of the company saw growth in Q2 over 2020.
Align Technology Inc reported financial results for the second quarter of fiscal 2021 (Q2’21). Q2’21 total revenues were $1.0 billion, up 13.0% sequentially and 186.9% year-over-year. Q2’21 clear aligner revenues were $841 million, up 11.6% sequentially and 181.9% year-over-year. Q2’21 Imaging Systems and CAD/CAM Services revenues were $169.8 million, up 20.0% sequentially and 214.7% year-over-year.
According to the company, Q2’21 clear aligner volume was 665,600 cases, up 11.7% sequentially and 200.0% year-over-year. For the Americas, Q2’21 clear aligner volume was up 10.9% sequentially and 260.7% year-over-year. For International regions, Q2’21 clear aligner volume was up 12.7% sequentially and 149.2% year-over-year. Q2’21 clear aligner volume for teens was 181,000 thousand cases, up 9.5% sequentially and 156.3% year-over-year.
The company reported Q2’21 operating income was $268.9 million, resulting in an operating margin of 26.6%. Q2’21 net income was $199.7 million, or $2.51 per diluted share. On a non-GAAP basis, Q2’21 net income was $242.1 million, or $3.04 per diluted share.
Commenting on Align’s Q2’21 results, Align Technology President and CEO Joe Hogan said, “I’m pleased to report our first $1 billion revenue quarter with record volumes reflecting continued momentum from both Clear Aligners and Systems and Services. For Q2, Systems and Services revenues reflect strong growth and the strategic value of the iTero business in all regions with continued adoption of the iTero Element 5D Plus Series of next-generation scanners and imaging systems which launched in February. Increasingly, doctors are seeing the strategic impact and value of iTero scanners in their practices, far beyond its role in Invisalign case submissions—it is a true workhorse and digital enabler in every type of practice and across every type of orthodontic and restorative workflow.
“Q2 sequential Clear Aligner volumes were primarily driven by strength in both adult and teen market segments and across customer channels and regions, especially from the Americas and EMEA regions, reflecting the expanding opportunity for Invisalign treatment among adults globally, as well as the underlying orthodontic market as we continue to build awareness of the Invisalign brand and drive utilization among teens and younger patients. For Q2’21, Invisalign Clear Aligner volumes for teens were up 9.5% sequentially and 156.3% year-over-year to 181.0 thousand teens, representing one-third of total cases shipped, with strong growth from North America and EMEA orthodontists.”