Align Technology Q1 revenue $943M beats expectations; guides Q2 revenue $980M-$1,000M

ALIGN TECHNOLOGY INC

2023-Q1 EPS reported $1.14 revenue$943,147,000

Q1 revenue $943.1M, up 4.6% sequentially; GAAP EPS $1.14, non-GAAP $1.82.
Clear Aligner revenue $789.8M (+7.9% Q/Q); volume 575K cases (-1.4% Q/Q).
Completed $1B stock repurchase program; new $1B buyback authorized.
Completed $250M ASR; CEO & CFO purchased $1M and $0.2M of stock.
Invested $75M for less than 5% equity stake in Heartland Dental.

item 1.01 item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALIGN TECHNOLOGY INC reported financial results for first quarter ended March 31, 2023.

Period: first quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On April 26, 2023, Align issued a press release and will hold a conference call regarding its financial results for its first quarter ended March 31, 2023. The full text of the press release is furnished as Exhibit 99.1 to this Form 8-K.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ALIGN TECHNOLOGY INC entered into Subscription Agreement with Heartland Dental Holding Corporation valued at $75 million (effective 2023-04-24).

Action: entry
Agreement: equity purchase
Counterparty: Heartland Dental Holding Corporation
Value: $75 million
Effective: 2023-04-24

Exact text from the filing

On April 24, 2023, Align Technology, Inc. ("Align") and Heartland Dental Holding Corporation (“Heartland”) entered into a Subscription Agreement (the "Subscription Agreement"), which provides, among other things, for Align to acquire less than a 5% equity interest in Heartland through the purchase of Class A Common Stock for $75 million.

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ALIGN TECHNOLOGY INC filing history →

Source: SEC EDGAR

accession 0001097149-23-000039

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