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

$5.3M $13.6M

Earnings Per Diluted Share (EPS) $0.06 $0.07 $0.19

Liquidity and Capital Resources

As of June 30, 2008, Align had $110.1 million in cash, cash equivalents, and short term marketable securities compared to $127.9 million as of December 31, 2007. During Q2 08, Align purchased 2.2 million shares at an average price of $12.65 per share for a total of $27.7 million. There remains $22.3 million under the Company's existing stock repurchase authorization.

Key Business Metrics

The following table highlights business metrics for Align's second quarter of 2008. Additional historical information is available on the Company's website at http://investor.aligntech.com.

Revenue by Channel: Q2 08 Q2'08/Q1'08 Q2'08/Q2'07

% Change % Change (a)

U.S. Orthodontists $23.3M 2.1% (6.7%)

U.S. GP Dentists $36.6M 5.2% 0.6%

International $16.4M 15.8% 41.3%

Training and Other $3.6M 20.2% (1.1%)

Total Revenue $79.9M 6.9% 4.3%

Average Selling Price (ASP): Q2 08 Q2'08/Q1'08 Q2'08/Q2'07

% Change % Change

Total Worldwide Blended ASP $1,390 0.7% 4.5%

Total Worldwide ASP excluding

Invisalign Express $1,500 (0.7%) 4.9%

U.S. Orthodontists Blended ASP $1,290 (0.8%) 4.9%

U.S. GP Dentists Blended ASP $1,340 0.0% 2.3%

International $1,700 0.0% 4.3%

Number of Cases Shipped: Q2 08 Q2'08/Q1'08 Q2'08/
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SOURCE Align Technology, Inc.
Copyright©2008 PR Newswire.
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