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Align Technology Announces Second Quarter Fiscal 2009 Results
Date:7/23/2009

es of this release.

Non-GAAP net profit for Q2 09 was $4.8 million, or $0.07 per diluted share. This is compared to non-GAAP net profit of $3.2 million, or $0.05 per diluted share in Q1 09. In Q2 08, there was no difference between GAAP and non-GAAP net profit.

Q2 09 Operating Results

    Key GAAP Operating Results              Q2 09       Q1 09       Q2 08
                                            -----       -----       -----
    Gross Margin                            76.0%       75.2%       74.7%
    Operating Expense                      $51.7M      $47.4M      $55.8M
    Operating Margin                         8.2%        7.5%        4.8%
    Net Profit                              $4.5M       $2.6M       $4.0M
    Earnings Per Diluted Share (EPS)       $0.07       $0.04       $0.06

    Key Non-GAAP Operating Results          Q2 09       Q1 09       Q2 08
                                            -----       -----       -----
    Non-GAAP Operating Expense             $51.3M      $46.5M      $55.8M
    Non-GAAP Operating Margin                8.7%        8.8%        4.8%
    Non-GAAP Net Profit                     $4.8M       $3.2M       $4.0M
    Non-GAAP Earnings Per Diluted
     Share (EPS)                           $0.07       $0.05       $0.06

Liquidity and Capital Resources

As of June 30, 2009, Align had $143.1 million in cash, cash equivalents, and short-term marketable securities compared to $110.2 million as of December 31, 2008.

Key Business Metrics

The following table highlights business metrics for Align's second quarter of 2009. Additional historical information is available on the Company's website athttp://investor.aligntech.com.

                  
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SOURCE Align Technology, Inc.
Copyright©2009 PR Newswire.
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