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Article: Align Technology, Inc. Reports Record Revenues of $29.2 Million for the Second Quarter 2003; - Second Quarter Revenues Increase 86% Year Over Year; Net Loss Decreases 62% Year Over Year - Company to Restate Approximately $9 Million in Prior Period Net Revenue; Will Restate Results for FY 2001, FY 2002, and the First Quarter of FY 2003 - Restatement Will Have No Effect on Business Operations, Cash Flow or Liquidity.
- Article from:
- PR Newswire
- Article date:
- July 24, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Align Technology, Inc. , the inventor of Invisalign(R), a proprietary method of straightening teeth without wires and brackets, today reported record revenues of $29.2 million for the second quarter of 2003.
"We are pleased with the progress we are making," stated Thomas M. Prescott, Align Technology's President and CEO. "The solid results delivered this quarter are driven by adoption and utilization by orthodontists and general practitioner dentists as they, and their patients, experience outstanding results first-hand. Our operating profile continues to improve and we continue to aggressively decrease our net loss. Our focus on the balance sheet is also showing ...