secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001097149-23-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714923000039/0001097149-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714923000039/algn-20230424.htm
  HTML page:      https://secwatch.observer/filing/0001097149-23-000039

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