secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001097149-22-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Align Tech Q1 rev $973.2M (+8.8% YoY) but EPS $1.70 down 32%; cites headwinds
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- Q1 total revenues $973.2M, up 8.8% YoY, down 5.6% sequentially; Clear Aligner rev $809.7M (+7.5% YoY).
- GAAP diluted EPS $1.70 vs $2.51 Q1'21; non-GAAP diluted EPS $2.13 vs $2.49. Net income $134.3M, down 33% YoY.
- Invisalign case volume 598.8k (+0.5% YoY, -5.1% sequentially); teen cases 175.2k (+6% YoY).
- CEO cites COVID lockdowns (China), weaker consumer confidence, inflation, Ukraine conflict as headwinds.
- Q2'22 expects up to $200M stock repurchase; quarter-end cash $1.1B; $650M left under buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714922000025/0001097149-22-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714922000025/algn-20220427.htm
  HTML page:      https://secwatch.observer/filing/0001097149-22-000025

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