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Align Technology reports record-breaking financial results for 2016
Align Technology has announced its financial results for 2016, during which it delivered a record-breaking revenue total of $1.1 billion (870.49 million pounds).
This represented a 27.7 percent year-on-year increase and the first time that Align has surpassed the $1 billion mark. During the fourth quarter alone, revenues were up by 27.3 percent to $293.2 million.
In 2016, shipments of its flagship Invisalign clear aligner brand rose to 708,500 cases, up 21.5 percent compared to 2015, meaning more than four million people have now started orthodontic treatment with Invisalign.
Strong adoption of the new iTero Element scanner was also seen during 2016, helping the company to more than triple its scanner shipments over the prior year.
Joe Hogan, Align Technology's president and chief executive officer, said: "Q4 was another record quarter for Align, reflecting continued strong growth across all geographies and customer channels compared to the prior quarter last year."
For the first quarter of 2017, Align is anticipating net revenues in the range of $295 million to $298 million, with 200,000 to 203,000 Invisalign case shipments expected.
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