AlignTechnology Inc, Santa Clara, Calif, recently reported $90.1 million in total net revenues forthe first quarter of fiscal 2010, a 4% increase over the fourth quarterof 2009, and a 28.5% increase over the first quarter of 2009.
The company also saw an increase in Invisalign case shipments for thefirst quarter of 2010. Shipments were a record 63,600, compared to61,100 in the fourth quarter of 2009 and 50,100 in the first quarter of2009.
Gross margin for the first quarter of 2010 was a record 77.4%. Theincrease in gross margin primarily reflects manufacturing efficienciesassociated with higher case volumes. Net profit for the first quarter of2010 was $14.9 million.
"I’m pleased to report strong results in our first quarter," said ThomasM. Prescott, president and CEO of Align. "Record revenues and caseshipments combined with lower spending resulted in better thananticipated earnings."
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