secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001097149-22-000059
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Align Technology Q3 revenue $890.3M, down 12.4% YoY; EPS $0.93 vs $2.28
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- Q3 total revenues $890.3M, down 12.4% YoY; Clear Aligner revenue $732.8M (down 12.5% YoY), volume 577.2K cases (down 11.9% YoY).
- GAAP diluted EPS $0.93 (vs $2.28 Q3'21); non-GAAP diluted EPS $1.36 (vs $2.87). Operating margin 16.1%.
- Foreign exchange unfavorably impacted revenues by ~$57.4M YoY and ~$25.1M sequentially.
- Launched multiple new products including ClinCheck Live Update, Invisalign Virtual Care AI; opened EMEA manufacturing facility in Poland.
- Cash and investments $1.1B; plans to repurchase up to $200M of stock in Q4'22.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714922000059/0001097149-22-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714922000059/algn-20221026.htm
  HTML page:      https://secwatch.observer/filing/0001097149-22-000059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer