Q4 2024 Align Technology Inc Earnings Call Transcript
Key Points
- Align Technology Inc (ALGN) reported Q4 total revenues of $995 million, a 4% increase year-over-year, driven by strong growth in Systems and Services revenues.
- Clear Aligner volumes grew 6.1% year-over-year, with notable strength in the EMEA, APAC, and LatAm regions.
- The company achieved several milestones, including 272,000 active Invisalign trained practitioners and 19.5 million Invisalign patients treated.
- Align Technology Inc (ALGN) saw a record number of doctor submitters worldwide, reflecting increased utilization and growth in both adult and teen segments.
- The iTero Lumina scanner launch was successful, with positive feedback from doctors, and plans to expand its capabilities to include restorative workflows.
- Q4 Clear Aligner ASPs were lower than expected due to unfavorable foreign exchange impacts from a stronger U.S. dollar.
- Operating expenses increased by 11% year-over-year, primarily due to restructuring, advertising, and marketing expenses.
- The orthodontic market in North America has been flat for the last three years, impacting growth in that region.
- Align Technology Inc (ALGN) faces potential challenges from new tariffs on shipments from Mexico to the U.S., which could impact costs.
- The company anticipates a decline in Q1 2025 revenues due to foreign exchange impacts and lower capital equipment sales.
Greetings. Welcome to the Align fourth-quarter and full-year 2024 earnings call. At this time, all participants are on a listen-only mode. A question-and-answer session will follow the formal presentation. Please note this conference is being recorded.
I will now turn the conference over to your host, Shirley Stacy with Align Technology. You may begin.
Good afternoon and thank you for joining us. I'm Shirley Stacy, Vice President of Corporate Communications and Investor Relations. Joining me for today's call is Joe Hogan, President and CEO; and John Morici, CFO. We issued fourth quarter and full year 2024 financial results today via Business Wire which is available on our website at investor.aligntech.com. Today's conference call is being audio webcast and will be archived on our website for approximately one month.
As a reminder, the information provided and discussed today will include forward-looking statements, including statements
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