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16 September 2014
Align Technology Inc. specialises in innovating cutting edge technology and digital services in the orthodontic and dental space, pioneering the invisalign system in 1999; a transparent incremental aligner (braces) acting as an alternative to conventional wire braces, having had over two million clients by the end of 2012. According to Bloomberg the invisalign system accounts for about 92% of Align’s revenue last year. The acquisition of Cadent Holdings in 2011 added iTero, iOC and the OrthoCAD systems to their product line, and in the same year launched into main land China offering the invisalign range to product trained orthodontists.
The company covers over 45 countries with its invisalign system, with the iTero and iOC scanning systems available in over 20 countries. The company announced the appointment of Simon Beard as vice president and managing director of Europe, Middle East and Africa (EMEA) as of November 3 2014, and the ushering in of further expansion into the EMEA region with 14 additional European countries moving from distributor coverage to direct sales from Q3. Most recently through iTero; the company has released a new intraoral scanner collaborating with Zimmer Dental (focused on implant technologies), enhancing the offering to clinicians and delivering greater precision and enhanced efficiency.
The company announced its second quarter 2014 results on 24 July 2014 with the following highlights:
More on Align Technology Inc. on the market insight page (as below)
Align Technology Inc, 16/09/2014
Align Technology Inc, 16/09/2014
The price has been range bound for some time, after a head and shoulders formation in May led to a trend reversal from what was a seven month low in the share price. The ongoing consolidation of the price seems to lend itself to a more bullish view and long traders may look to buy off support, with conservative traders favouring a break above resistance with an increase in volume as further confirmation. Caution as a break below the support line with an increase in volume may be indicative of further weakness as the share trades below its 50 day and 200 day moving averages. - Leigh Riley, Premium Client Manager
Align Technology Inc, 15/09/2014
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