Medical device company Align Technology reported increases in revenues and clear aligner shipments for the fourth quarter of 2017 and the year.
For the quarter (end-December 31, 2017), the company reported net revenues of $421.3 million, up from $293.2 million from the same quarter in 2016. The company also reported that shipments of its clear aligner product totaled 255,000 for the quarter, compared with 190,100 from the same period in 2016. The company's net profit for the fourth quarter was $10.3 million, down from $47.6 million in the same period of 2016.
For the year, the company reported net revenues of almost $1.5 billion, up from nearly $1.08 billion in 2016. The company also reported clear aligner shipments of 931,045, compared with 708,500 in 2016.
