Align Technology, a global medical device company specializing in clear aligner therapy, recently reported its fourth-quarter earnings for 2021. The company, which is known for its popular product Invisalign, saw a strong performance in the final quarter of the year.
In the financial report, Align Technology disclosed that it had a revenue of $934.3 million in the fourth quarter, a 13.6% increase from the same period in 2020. The company’s net income for the quarter was $237.2 million, or $2.78 per share, a significant jump from the $138.8 million, or $1.60 per share, reported in the previous year’s fourth quarter.
Align Technology’s success in the fourth quarter can be attributed to the increased demand for its Invisalign clear aligners, as well as the company’s continued efforts to expand its global presence. The company’s clear aligner shipments grew by 13.7% in the quarter, with strong growth seen in both the Americas and the international markets.
In addition to its financial performance, Align Technology also announced several key developments during the fourth quarter. The company introduced new products and features to enhance the Invisalign treatment experience for patients and providers, as well as expanded its product offerings to include new clear aligner solutions for specific treatment needs.
Looking ahead, Align Technology is optimistic about its growth prospects for 2022. The company is focused on driving innovation in its products and technology, expanding its market reach, and delivering value to its customers and shareholders.
Overall, Align Technology’s fourth-quarter earnings report reflects a strong finish to the year and underscores the company’s position as a leader in the clear aligner therapy market. Investors and industry analysts will be eagerly anticipating the company’s continued growth and success in the coming year.
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