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Align Technology Announces Fourth Quarter and Fiscal 2008 Results
Date:1/28/2009

Q4 08 U.S. Orthodontists 90.7% U.S. GP Dentists 86.0% International 77.4% Doctors Starting Invisalign Treatment (Cumulative as of): Q4 08 U.S. Orthodontists 7,140 U.S. GP Dentists 25,960 International 8,160 Total Doctors Starting Invisalign Treatment 41,260 Q4 08 Q3 08 Q4 07 Doctor Utilization Rates*: U.S. Orthodontists 4.6 4.8 4.8 U.S. GP Dentists 2.3 2.4 2.5 International 3.4 3.2 3.2 Total Utilization Rate 3.0 3.0 3.1 * Utilization = # of cases/# of doctors to whom cases were shipped

Business Outlook

Commenting on Align's business outlook, Kenneth Arola, vice president of finance and CFO said, "The economic environment and its impact on consumer spending has created greater uncertainty for our business. As a result, we are only providing guidance for Q1 09. The greatest uncertainties beyond Q1 involve case volume and revenues. We believe it will be very difficult to grow in this environment and are expecting revenues to decline from 2008. We will continue to invest in our key strategic growth initiatives and manage overall expenses to drive operating profitability for fiscal 2009."

For the first quarter of fiscal 2009 (Q1 09), Align Technology expects net revenues to be in a range of $65 million to $69 million. Operating margin for Q1 09 is expected to be in a range of -4% to 0%. GAAP earnings per diluted share for Q1 09 is expected to be in a range of a loss of $0.04 to breakeven. Non-G
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SOURCE Align Technology
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