Align Technology has reported its second-quarter financial results for 2014, announcing record revenues for the period.
For the second quarter (end-June 30, 2014), the company had total revenues of $192.5 million, a 17.5% increase from the same period in 2013. Clear aligner revenues were up 17.2%, and revenues from scanners and services were up 21.6% from the previous year. The company's net profit for the quarter increased 21% from $29.3 million to $35.6 million, compared with the second quarter of 2013.
Thomas Prescott, Align president and CEO, stated in a press release that the summer was off to a solid start for his company.
"Our second-quarter results were good," Prescott stated. "Record revenues, which increased 17.5% year-over-year, were driven by increased Invisalign volume across North America, EMEA [Europe, the Middle East, and Africa], and the Asia-Pacific regions, as well as higher Invisalign ASPs [average Invisalign selling prices]. We also had a record quarter for scanner and services revenues with unit volume up over 50% year-over-year."
The company also announced the appointment of Simon Beard as vice president and managing director of Europe, Middle East, and Africa, effective November 3, 2014, and also further expansion in the EMEA region. The company has added 14 European countries that will move from distributor coverage to direct sales organizations beginning in the third quarter of this year. These new countries include Faroe Islands, Albania, Kosovo, Poland, Czech Republic, Slovakia, Hungary, Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Romania, Bulgaria, and Macedonia.
