Align Technology has reported record net revenues and net profit for the fourth quarter and fiscal year 2013.
For the fourth quarter (end-December 31), the company posted a 25% increase in net revenues for a total of $178.3 million, compared with $142.8 million in the same quarter of 2012. Net profit for the quarter was $42.2 million, compared with $9.6 million in the fourth quarter a year ago.
Invisalign clear aligner net revenues for the fourth quarter reached $166.2 million, a 25% increase from $132.8 million in the fourth quarter of 2012. Scanner and CAD/CAM services net revenues were $12.1 million, compared with $10.0 million in fourth quarter of the previous year.
Net revenues for fiscal 2013 were $660.2 million, an increase of 18% from $560 in 2012. Net profit for the year was $63.4 million compared with $58.7 in 2012. Clear aligner net revenues for 2013 increased 19% to $614.6 million from $516.6 million for 2012. Scanner and CAD/CAM services net revenues for the year was $45.6 million, compared with $43.5 million in 2012.
The solid fourth-quarter finish to the year delivered better than expected revenue driven by strong Invisalign growth from international doctors in Europe and Asia Pacific, explained Thomas Prescott, Align president and CEO.
