Align Technology

Align Technology is a global medical device company with industry-leading innovative products -- Invisalign clear aligners and iTero Intraoral scanners that help dental professionals achieve the clinical results they expect and deliver effective, cutting-edge dental options to their patients. Invisalign System Invisalign clear aligners have been used to straighten teeth and treat minor to complex malocclusion. The Invisalign system is a combination of proprietary virtual modeling software and rapid mass-manufacturing processes used to develop a treatment plan and with custom-made aligners for each patient.
The iTero Intraoral scanner provides a dental "chair-side" platform for accessing valuable digital diagnosis and treatment tools, with potential for enhancing accuracy of records, treatment efficiency, and the overall patient experience. The iTero scanner’s parallel confocal imaging technology uses optical and laser scanning to achieve a high level of precision and accuracy resulting in an accurate 3D digital impression image of the patients dentition. 

Company Growth (employees)
Type
Public
HQ
San Jose, US
Founded
1997
Size (employees)
6,060 (est)
Align Technology was founded in 1997 and is headquartered in San Jose, US

Key People at Align Technology

Thomas M. Prescott

Thomas M. Prescott

Director

Align Technology Office Locations

Align Technology has offices in San Jose and Amsterdam
San Jose, US (HQ)
2560 Orchard Pkwy
Amsterdam, NL
161 Arlandaweg

Align Technology Data and Metrics

Align Technology Financial Metrics

Align Technology's revenue was reported to be $310.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

310.3 m

Gross profit (Q1, 2017)

235.6 m

Gross profit margin (Q1, 2017), %

76%

Net income (Q1, 2017)

69.4 m

EBIT (Q1, 2017)

61.7 m

Market capitalization (18-Aug-2017)

13.8 b

Cash (31-Mar-2017)

261 m
Align Technology's current market capitalization is $13.8 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

660.2 m761.7 m845.5 m1.1 b

Revenue growth, %

15%11%28%

Cost of goods sold

162.1 m183.2 m205.4 m264.6 m

Gross profit

498.1 m578.4 m640.1 m815.3 m

Gross profit Margin, %

75%76%76%75%

R&D expense

75.7 m

General and administrative expense

490.7 m

Operating expense total

566.4 m

EBIT

94.2 m193.6 m188.6 m248.9 m

EBIT margin, %

14%25%22%23%

Interest income

3.2 m2.5 m6.4 m

Income tax expense

28.8 m44.5 m42.1 m51.2 m

Net Income

64.3 m145.8 m144 m189.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

192.5 m189.9 m198.1 m209.5 m207.6 m238.7 m269.4 m278.6 m310.3 m

Cost of goods sold

47.1 m44.8 m47 m50.9 m50.1 m58.1 m64.1 m69.4 m74.7 m

Gross profit

145.5 m145.1 m151.1 m158.6 m157.6 m180.6 m205.2 m209.2 m235.6 m

Gross profit Margin, %

76%76%76%76%76%76%76%75%76%

Sales and marketing expense

56.4 m52.4 m

R&D expense

13.3 m12.9 m13.9 m15.7 m17.8 m15.1 m18.6 m20.4 m22.8 m

General and administrative expense

27.1 m28.3 m88.3 m100.6 m101.8 m112.2 m121.5 m126.7 m151.1 m

Operating expense total

96.7 m93.5 m102.2 m116.3 m119.5 m127.3 m140.1 m147.1 m174 m

EBIT

51.5 m48.9 m42.3 m38 m53.3 m65.1 m62.1 m61.7 m

EBIT margin, %

27%25%20%18%22%24%22%20%

Interest income

93 k2 m1.5 m174 k1.6 m427 k125 k1.5 m1.6 m

Income tax expense

13 m11.3 m11.3 m11.1 m8.9 m12.4 m15.1 m11.7 m(7.2 m)

Net Income

38.2 m36.2 m31.4 m27.6 m40.5 m50.1 m51.4 m69.4 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

243 m199.9 m167.7 m389.3 m

Inventories

14 m15.9 m19.5 m27.1 m

Current Assets

544.7 m657.2 m732 m953 m

PP&E

75.7 m90.1 m136.5 m175.2 m

Goodwill

61.6 m82.1 m79.2 m82 m

Total Assets

832.1 m988 m1.2 b1.4 b

Accounts Payable

17.7 m23.2 m34.4 m28.6 m

Current Liabilities

175.3 m201.8 m271.7 m354.3 m

Total Liabilities

400.8 m

Additional Paid-in Capital

729.6 m783.4 m821.5 m864.9 m

Retained Earnings

(95.9 m)(30.5 m)27.4 m131.4 m

Total Equity

634 m752.8 m847.9 m995.4 m

Financial Leverage

1.3 x1.3 x1.4 x1.4 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

167.5 m180.7 m190 m161.8 m174 m154.4 m167.7 m419.9 m261 m

Inventories

13.1 m16 m14.6 m16.4 m18.9 m22.6 m23 m26.3 m35.2 m

Current Assets

554.5 m615.7 m657.3 m657.9 m711.7 m783 m825.4 m911.8 m918.2 m

PP&E

81.3 m86.4 m99.8 m108 m120.7 m148 m161.7 m172.7 m231.7 m

Goodwill

83.8 m82.9 m81.3 m80.6 m79.7 m78.6 m83.7 m83 m92.4 m

Total Assets

885.4 m948.3 m1 b1 b1.1 b1.2 b1.3 b1.4 b1.5 b

Accounts Payable

20.9 m24.5 m25 m29.5 m32.6 m36.3 m30.9 m33.1 m37 m

Current Liabilities

187.1 m198.6 m200.6 m222.9 m244.5 m274.8 m299 m343.1 m365.6 m

Additional Paid-in Capital

742.9 m775.5 m789.5 m775.8 m810.1 m824.1 m821.8 m854.4 m850.1 m

Retained Earnings

(67.6 m)(53.1 m)4.2 m(5.8 m)(11.9 m)67.9 m87.6 m118 m196.2 m

Total Equity

675.8 m769.8 m798.3 m892 m909.9 m972.3 m1 b

Financial Leverage

1.3 x1.3 x1.4 x1.4 x1.4 x1.4 x1.4 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

64.3 m145.8 m144 m189.7 m

Depreciation and Amortization

13.9 m17.9 m18 m24 m

Accounts Receivable

(12 m)(27 m)(41 m)(94.4 m)

Inventories

1.2 m(2 m)(3.6 m)(7.7 m)

Accounts Payable

(186 k)2.9 m7.6 m(3.4 m)

Cash From Operating Activities

186 m226.9 m238 m247.7 m

Cash From Investing Activities

(210.7 m)(201.6 m)(166.4 m)72.8 m

Cash From Financing Activities

(38.2 m)(66.4 m)(100.8 m)(95.5 m)
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

38.2 m36.2 m31.4 m27.6 m40.5 m50.1 m51.4 m69.4 m

Inventories

16.4 m18.9 m22.6 m23 m26.3 m35.2 m

Accounts Payable

29.5 m32.6 m36.3 m30.9 m33.1 m37 m
USDY, 2017

Revenue/Employee

51.2 k

Financial Leverage

1.4 x

Align Technology Market Value History

Align Technology Median Salaries

Source: 61 public H-1B filings from Align Technology

Traffic Overview of Align Technology

Align Technology Online and Social Media Presence

Align Technology Company Life and Culture

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