Stock Analysis on Net

Align Technology Inc. (NASDAQ:ALGN)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 3, 2023.

Analysis of Revenues

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Revenues as Reported

Align Technology Inc., income statement, revenues

US$ in thousands

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Clear Aligner
Imaging Systems and CAD/CAM Services
Net revenues

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).


The annual revenue data reveals notable growth and fluctuations across several categories over the five-year period analyzed.

Clear Aligner Revenue
The revenue generated from Clear Aligners demonstrates a consistent upward trend from 2018 through 2021, increasing from approximately $1.69 billion in 2018 to about $3.25 billion in 2021. This represents nearly a doubling in four years. However, in 2022, there is a slight decline to approximately $3.07 billion, indicating a modest reduction compared to the previous year.
Imaging Systems and CAD/CAM Services Revenue
This revenue segment shows considerable variability. Starting at $275 million in 2018, it rises to $381 million in 2019, then dips slightly to $370 million in 2020. A significant increase occurs in 2021, with revenues nearly doubling to $705 million, followed by a decrease to $662 million in 2022. The pattern suggests some volatility, with a notable peak in 2021 before moderate retrenchment.
Net Revenues
Overall net revenues reflect the trends observed in the two primary segments, growing steadily from approximately $1.97 billion in 2018 to nearly $3.95 billion in 2021. The peak in 2021 aligns with the highest revenues recorded in both major categories. In 2022, total revenues decrease to about $3.73 billion, mirroring the slight declines seen in individual segments.

In summary, the data indicates robust growth in Clear Aligner revenues and strong variability in Imaging Systems and CAD/CAM Services, culminating in an overall expansion of net revenues through 2021, followed by a modest revenue contraction in 2022.