An increase in Invisalign case volume and new business stemming from its acquisition of Cadent helped Align Technology achieve record revenues in the third quarter of 2011 (end-September 30).
Total net revenues for the quarter were $125.9 million, a 31%% increase over revenues of $95.9 million reported in the third quarter of 2010.
Invisalign revenues were $114.3 million for the third quarter, up 19.1% year over year. Scanner and CAD/CAM services revenues were $11.6 million for the quarter.
Net profit for the quarter was $19.3 million, compared with net profit of $16.8 million for the same quarter a year ago.
The better-than-expected results were driven by increased Invisalign case volume from North American orthodontists and international doctors and higher earnings that benefited from lower-than-projected operating expenses, noted Thomas Prescott, president and CEO of Align, in a press release.
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