Medical device company Align Technology reported $943.1 million in revenue during the first quarter of 2023, according to its April 26 financial report.
Here are five more things to know about the report:
1. First quarter net income was $87.8 million, an increase from the $41.8 million reported in the fourth quarter of 2022.
2. Clear aligner revenue was $789.8 million and imaging systems revenue was $153.3 million in the first quarter.
3. The company completed a $1 billion stock repurchase program from May 13, 2021, by purchasing approximately 942,000 shares.
4. Align Technology completed 575,395 clear aligner shipments.
5. Net revenue, net income and clear aligner shipments decreased compared to the first quarter of 2022.