Align reports strong results for third quarter of 2016

Align Technology has announced its financial results for the third quarter of 2016, during which it delivered a revenue total of $278.6 million (223.63 million pounds).

This represents a year-on-year increase of 34.2 percent, with these results driven by a rise in clear aligner revenues of 22.9 percent, while its scanner revenues rose by 273.7 percent.

During the quarter, clear aligner case shipments were up to 177,800, with its overall performance for the quarter approaching the high end of the company's guidance.

Joe Hogan, Align Technology's president and chief executive officer, said: "Our results were driven by record Invisalign case volume, up 20.5 percent year over year, reflecting growth across all customer channels and geographies, as well as continued demand for iTero scanners."

For the fourth quarter of the year, the company expects net revenues in the range of $289.2 million to $293.9 million, with clear aligner case shipments in the range of 182,500 to 184,500, up approximately 13.8 percent to 15 percent over the same period a year ago.

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