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Align Technology Announces Third Quarter Fiscal 2008 Results
Date:10/28/2008

marketing 28,214 24,226 88,737 71,729

General and administrative 14,395 13,949 45,905 38,014

Research and development 5,918 6,749 20,214 19,117

Restructuring 2,189 - 2,189 -

Patients First Program - - - (1,796)

Total operating expenses 50,716 44,924 157,045 127,064

Profit from operations 5,691 8,395 14,189 28,843

Interest and other income, net 264 1,108 1,673 2,243

Profit before income taxes 5,955 9,503 15,862 31,086

Provision for income taxes (798) (43) (1,371) (1,030)

Net profit $5,157 $9,460 $14,491 $30,056

Net profit per share

- basic $0.08 $0.14 $0.21 $0.45

- diluted $0.08 $0.13 $0.21 $0.42

Shares used in computing net

profit per share

- basic 67,367 67,970 68,330 66,709

- diluted 68,704 72,230 69,906 71,058

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

September 30, December 31,

2008 2007

ASSETS

Current assets:

Cash and cash equivalents $79,756 $89,140

Marketable securities, short-term 34,499 38,771

Accounts receivable, net 48,872 44,850

Inventories, net 3,015 2,910

Other current assets 7,412 8,846

Total current assets 173,554
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SOURCE Align Technology, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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