Align Technology announced record revenues for its 2009 fiscal fourth quarter (end-December 31). Net revenues for the quarter were $86.6 million, compared to $74.1 million in 2008.
Net profit for the quarter was $11.5 million, compared to net loss of $49.9 million in the same quarter a year ago.
"The fourth quarter was a strong finish to a better-than-expected year for Align, and I'm very pleased to report sequential and year-over-year growth for Invisalign," said President and CEO Thomas Prescott in a press release. "Our Q4 results reflect strong international growth, increased demand across the general practitioner and ortho channels in North America, continued adoption of new products including Invisalign Teen and Assist, and diligent expense management."
For the full fiscal year, the company reported net revenues of $312.3 million, up 3% from $304 million reported for 2008. Net loss for 2009 was $31.3 million, compared to a net profit of $80 million for 2008. The company's 2009 financials were affected by a settlement agreement with Ormco and a restructuring charge of $1.3 million.
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