Align Technology Inc, Santa Clara, Calif, recently reported $90.1 million in total net revenues for the first quarter of fiscal 2010, a 4% increase over the fourth quarter of 2009, and a 28.5% increase over the first quarter of 2009.
The company also saw an increase in Invisalign case shipments for the first quarter of 2010. Shipments were a record 63,600, compared to 61,100 in the fourth quarter of 2009 and 50,100 in the first quarter of 2009.
Gross margin for the first quarter of 2010 was a record 77.4%. The increase in gross margin primarily reflects manufacturing efficiencies associated with higher case volumes. Net profit for the first quarter of 2010 was $14.9 million.
"I’m pleased to report strong results in our first quarter," said Thomas M. Prescott, president and CEO of Align. "Record revenues and case shipments combined with lower spending resulted in better than anticipated earnings."
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