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Align Technology Announces First Quarter Fiscal 2009 Results
Date:4/23/2009

rsonnel. These and other risks are detailed from time to time in Align's periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended December 31, 2008, which was filed with the Securities and Exchange Commission on February 27, 2009. Align undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

    ALIGN TECHNOLOGY, INC.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (in thousands, except per share data)

                                                     Three Months Ended
                                                  March 31,         March 31,
                                                    2009              2008

    Net revenues                                  $70,132           $74,776

    Cost of revenues                               17,425            19,608

    Gross profit                                   52,707            55,168

    Operating expenses:
      Sales and marketing                          27,854            28,059
      General and administrative                   13,468            15,188
      Research and development                      5,191             7,295
      Restructuring                                   910                 -
    Total operating expenses                       47,423            50,542

    Profit from operations                          5,284             4,626

    Interest and other income (expense), net          148               966

    Profit before income taxes                      5,432             5,592

    Provision for income taxes                     (2,796)             (288)

    Net profit                                     $2,636            $5,304

    Net profit per share
         - basic                                    $0.04             $0.08
 
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SOURCE Align Technology, Inc.
Copyright©2009 PR Newswire.
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