Dental technology device manufacturer Align Technology reported just over $1 billion in total revenue during the second quarter of 2023, according to its July 26 financial report.
Here are five more things to know about the report:
1. The $1 billion in revenue during the quarter represents an increase of 6.3 percent over the first quarter and 3.4 percent year over year.
2. The company completed 604,445 clear aligner shipments during the second quarter of 2023, more than the first quarter of 2023 and second quarter of 2022.
3. Align Technology's net income for the quarter was $111.8 million, an increase of 27.4 percent over the first quarter of 2023.
4. Second quarter net revenue for clear aligners was $832.7 million and $169.5 million for imaging systems.
5. The company completed a $75 million equity investment in Heartland Dental, the largest DSO in the U.S., during the quarter.