Align Technology exceeds expectations in third quarter of 2015

Align Technology has announced its financial results for the third quarter of 2015, during which it experienced a 9.4 percent year-on-year net revenue increase.

The company's revenue total for the quarter came to $207.6 million (135.14 million pounds), with its clear aligner shipments rising to 147,500 – up by 23.3 percent year over year.

Reported revenue was lower by approximately $7 million due to Align's new Additional Aligners at No Charge policy, which provides free additional aligners for eligible Invisalign treatments.

Nevertheless, the firm saw strong Invisalign case volumes, recording growth across all customer channels and geographies. The brand achieved its highest year-on-year growth in North America in three years, with expansion in the low-stage product segment and strong uptake among teenagers.

Joe Hogan, Align Technology's president and chief executive officer, said: "Q3 was another good quarter, with revenues and earnings per share above the high end of our guidance."

The firm simplified its commercial reporting structure earlier this year to support its continued growth.