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Align Technology Announces Second Quarter Fiscal 2008 Results
Date:7/29/2008

RATIONS

(in thousands, except per share data)

Three Months Ended Six Months Ended

June 30, June 30, June 30, June 30,

2008 2007 2008 2007

Net revenues $79,902 $76,603 $154,678 $140,364

Cost of revenues 20,243 20,247 39,851 37,776

Gross profit 59,659 56,356 114,827 102,588

Operating expenses:

Sales and marketing 32,464 24,353 60,523 47,503

General and administrative 16,322 11,880 31,510 24,065

Research and development 7,001 6,675 14,296 12,368

Patients First Program - - - (1,796)

Total operating expenses 55,787 42,908 106,329 82,140

Profit from operations 3,872 13,448 8,498 20,448

Interest and other income, net 443 680 1,409 1,135

Profit before income taxes 4,315 14,128 9,907 21,583

Provision for income taxes (285) (510) (573) (987)

Net profit $4,030 $13,618 $9,334 $20,596

Net profit per share

- basic $0.06 $0.20 $0.14 $0.31

- diluted $0.06 $0.19 $0.13 $0.29

Shares used in computing net profit

per share

- basic 68,581 66,696 68,817 66,068

- diluted 69,916 71,207 70,478 70,346

ALIGN TECHNOLOGY, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

June 30, 2008 December 31, 2007

ASSETS

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SOURCE Align Technology, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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