Align Technology reported revenues of $93 million for the fourth quarter of fiscal year 2010 (end-December 31), a 7% increase over revenues of $86.6 million for the same quarter a year ago.
The company recorded record net revenues of $387.1 million for fiscal 2010, a 24% increase over revenues of $312.3 million in fiscal 2009.
"Our fourth-quarter results were solid, with revenue and case shipments at the high end of our guidance, and despite a soft start in North America, Invisalign case submissions rebounded in the second half of the quarter and this has continued into the first quarter of 2011," said Thomas Prescott, Align president and CEO, in a press release.
Net profit for the fourth quarter was $9.9 million, down from a net profit of $11.5 in the fourth quarter of 2009. Net profit in the third and fourth quarters of 2010 included pretax litigation settlement costs of $1.2 million and $3.3 million, respectively, related to the settlement of the Leiszler class-action lawsuit.
Net profit for fiscal 2010 was $74.3 million, compared to a net loss of $31.3 million in fiscal 2009.
For the first quarter of fiscal 2011, Align said it expects net revenues to be in the range of $99 million to $102.5 million.
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