Align Technology Inc, San Jose, Calif, has reported financial results for the fourth quarter and the fiscal year ended December 31, 2011.
Total net revenues for the fourth quarter of fiscal 2011were a record $128.9 million. This is compared to $125.9 million reported in the third quarter of 2011 and to $92.9 million reported in the fourth quarter of 2010.
For fiscal 2011, the company reported record net revenues of $479.7 million, a 23.9% increase from fiscal 2010.
The company shipped 82,600 Invisalign cases in the fourth quarter of 2011, compared to 63,500 in the fourth quarter of 2010. For the past fiscal year, the company reported record case shipments of 309,300, an 18.6% increase over the 2010 figures.
Thomas M. Prescott, president and CEO of Align, said, "We had many significant accomplishments in 2011 including the acquisition of Cadent, followed shortly by interoperability with Invisalign on both the iOC and iTero scanners and other significant improvements. For Invisalign, we continued to gain share in the very important teen orthodontic segment in existing markets, while expanding into new geographies including China, Turkey, the Middle East and Russia."
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