Align Tech reports increased Q4, 2018 revenues

Medical device company Align Technology has reported increases in revenues and clear-aligner shipments for the fourth quarter of 2018 and the year.

For the quarter (end-December 31, 2018), the company reported net revenues of $534.0 million, up from $421.3 million from the same quarter in 2017. The company also reported that shipments of its clear-aligner product totaled 333,800 for the quarter, compared with 255,000 from the same period in 2017. The company's net profit for the fourth quarter was $97.4 million, up from $10.3 million in the same quarter of 2017.

For the year, the company reported net revenues of almost $2.0 billion, up from nearly $1.47 billion in 2017. The company also reported clear-aligner shipments of 1.2 million, compared with 931,045 in 2017.