Align Technology reports strong growth in Q2 2013

Align Technology has expressed satisfaction with its financial performance during the second quarter of 2013.

The company's total net revenues for the second quarter of fiscal 2013 came to $163.8 million (106.83 million pounds), representing a 6.7 percent sequential improvement and a 12.5 percent year-over-year increase.

During the quarter, the firm registered 106,100 shipments of its flagship Invisalign clear aligner product – up by 11.4 percent year on year – with this offering making up the vast majority of its revenue total.

Sequential growth was observed across all of Align's customer channels and net revenues of between $154.9 to $160 million are now expected for the third quarter.

Thomas Prescott, Align president and chief executive officer of Align Technology, said: "I'm pleased to report another good quarter with better than expected revenues, gross margins and earnings."

This builds on the 13.7 percent year-on-year revenue increase the company reported in the first quarter of the year.