Align Technology has reported revenues of $120.1 million for its fiscal second quarter of 2011 (end-June 30), up from $108.2 million in the second quarter of 2010.
This includes two months of revenues from the acquisition of Cadent Holdings, which closed on April 29, 2011, and the release of $14.3 million of previously deferred pretax revenue for Invisalign Teen replacement aligners.
Net profit for the quarter was $11.2 million, down from a net profit of $32.6 million in the same quarter a year ago. Net profit for the quarter includes pretax acquisition and integration related costs of $5.9 million, pretax amortization of acquired intangible assets of $0.8 million, and a net loss of $3.2 million from scanners and CAD/CAM services.
"Q2 was another strong quarter for Align driven by record Invisalign revenues and case shipments," said Thomas Prescott, Align president and CEO, in a press release. "It was also our first combined quarter with Cadent, one of the emerging leaders in the fast growing intraoral scanning market. The integration of Cadent is going well and our milestones for combining our people and processes are on track."
