<SEC-DOCUMENT>0001102624-16-003598.txt : 20161107
<SEC-HEADER>0001102624-16-003598.hdr.sgml : 20161107
<ACCEPTANCE-DATETIME>20161107160426
ACCESSION NUMBER:		0001102624-16-003598
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20161107
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20161107
DATE AS OF CHANGE:		20161107

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALIGN TECHNOLOGY INC
		CENTRAL INDEX KEY:			0001097149
		STANDARD INDUSTRIAL CLASSIFICATION:	ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842]
		IRS NUMBER:				943267295
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-32259
		FILM NUMBER:		161978100

	BUSINESS ADDRESS:	
		STREET 1:		2560 ORCHARD PARKWAY
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95131
		BUSINESS PHONE:		4087381500

	MAIL ADDRESS:	
		STREET 1:		2560 ORCHARD PARKWAY
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95131
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>aligntechnologyinc8k.htm
<DESCRIPTION>ALIGN TECHNOLOGY, INC. 8-K
<TEXT>
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<head>
 <title>Edgar-8K</title>
 <!-- IMPORTANT NOTE: This form must comply with SEC's requirements for EDGAR online submissions,
 which can be found in "EDGAR Filer Manual (Volume II)" or online at "http://www.sec.gov/info/edgar/edmanuals.htm" -->
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<body>
 <div style="text-align:center;height:20px"> </div>

 <div style="text-align:center;padding:1px;font-weight:bold;" id="header-static-country">UNITED STATES</div>
 <div style="text-align:center;padding:1px;font-weight:bold;" id="header-static-sec">SECURITIES AND EXCHANGE COMMISSION</div>
 <div style="text-align:center;padding:1px" id="header-static-washington">Washington, D.C. 20549</div>
 <hr style="width:350px" size="1">

 <div style="text-align:center;height:20px"> </div>
 <div style="text-align:center;padding:1px;font-weight:bold;" id="header-static-form">FORM 8-K</div>

 <div style="text-align:center;height:20px"> </div>
 <div style="text-align:center;padding:1px;font-weight:bold;" id="header-static-report">CURRENT REPORT</div>

 <div style="text-align:center;height:20px"> </div>
 <div style="text-align:center;padding:1px;font-weight:bold;" id="header-static-law">Pursuant to Section 13 or 15(d) of the<br>Securities Exchange Act of 1934</div>

 <div style="text-align:center;height:20px"> </div>
 <div style="text-align:center;padding:1px;">
  <font style="font-weight:bold" id="header-label-reportdate">Date of Report: </font>
  <font id="header-field-reportdate">November 7, 2016</font>
 </div>
 <div style="text-align:center;padding:1px;" id="header-static-reportdatecomment">(Date of earliest event reported)</div>

 <div style="text-align:center;height:20px"> </div>
 <div style="text-align:center;padding:1px;font-weight:bold;" id="header-field-companyname">Align Technology, Inc.</div>
 <div style="text-align:center;padding:1px;" id="header-static-companynamecomment">(Exact name of registrant as specified in its charter)</div>

 <div style="text-align:center;height:20px;"> </div>
 <div style="text-align:center;width:100%">
     <table style="margin-left:auto;margin-right:auto;width:80%;">
      <tr>
       <td style="text-align:center;padding:1px;font-weight:bold;width:30%" id="header-field-jurisdiction">DE</td>
       <td style="width:5%"> </td>
       <td style="text-align:center;padding:1px;font-weight:bold;width:30%" id="header-field-commisionfile">0-32259</td>
       <td style="width:5%"> </td>
       <td style="text-align:center;padding:1px;font-weight:bold;width:30%" id="header-field-employerid">94-3267295</td>
      </tr>
      <tr>
       <td style="text-align:center;padding:1px;" id="header-static-jurisdictioncomment">(State or other jurisdiction of incorporation)</td>
       <td> </td>
       <td style="text-align:center;padding:1px;" id="header-static-commisionfilecomment">(Commission File Number)</td>
       <td> </td>
       <td style="text-align:center;padding:1px;" id="header-static-employeridcomment">(IRS Employer Identification Number)</td>
      </tr>
     </table>
 </div>

 <div style="text-align:center;height:20px;"> </div>
 <div style="text-align:center;width:100%">
 <table style="margin-left:auto;margin-right:auto;width:80%;">
  <tr>
   <td style="text-align:center;padding:1px;font-weight:bold;width:45%" id="header-field-address">2560 Orchard Parkway, San Jose, CA </td>
   <td style="width:10%"> </td>
   <td style="text-align:center;padding:1px;padding:1px;font-weight:bold;width:45%" id="header-field-zipcode">95131</td>
  </tr>
  <tr>
   <td style="text-align:center;" id="header-static-addresscomment">(Address of principal executive offices)</td>
   <td> </td>
   <td style="text-align:center;" id="header-static-zipcodecomment">(Zip Code)</td>
  </tr>
 </table>
 </div>

 <div style="text-align:center;height:20px"> </div>
 <div style="text-align:center;padding:1px;font-weight:bold;" id="header-field-telephone">(408) 470-1000</div>
 <div style="text-align:center;padding:1px;" id="header-static-telephonecomment">(Registrant's telephone number, including area code)</div>

 <div style="text-align:center;height:20px"> </div>
 <div style="text-align:center;padding:1px;font-weight:bold;">Not Applicable</div>
 <div style="text-align:center;padding:1px;">(Former Name or Former Address, if changed since last report)</div>

 <div style="text-align:center;height:20px"> </div>
 <div style="margin-left:auto;margin-right:auto;width:80%;">

     <p>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following  provisions:</p>
     <table style="margin-left:auto; margin-right:auto; width:80%;">
         <tr>
             <td style="width:20px; text-align:center; vertical-align:middle;">
                 <div id="header-field-rule425" style="width:1.2em; height:1.2em; padding:0; border:solid 1px #000000; font-size:0.8em; text-align:center; font-weight:bold;">&nbsp;</div>
             </td>
             <td style="width:auto;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</td>
         </tr>
         <tr>
             <td style="width:20px; text-align:center; vertical-align:middle;">
                 <div id="Div1" style="width:1.2em; height:1.2em; padding:0; border:solid 1px #000000; font-size:0.8em; text-align:center; font-weight:bold;">&nbsp;</div>
             </td>
             <td style="width:auto;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</td>
         </tr>
         <tr>
             <td style="width:20px; text-align:center; vertical-align:middle;">
                 <div id="Div2" style="width:1.2em; height:1.2em; padding:0; border:solid 1px #000000; font-size:0.8em; text-align:center; font-weight:bold;">&nbsp;</div>
             </td>
             <td style="width:auto;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</td>
         </tr>
         <tr>
             <td style="width:20px; text-align:center; vertical-align:middle;">
                 <div id="Div3" style="width:1.2em; height:1.2em; padding:0; border:solid 1px #000000; font-size:0.8em; text-align:center; font-weight:bold;">&nbsp;</div>
             </td>
             <td style="width:auto;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</td>
         </tr>
     </table>
    </div>

    <hr>

 <div style="margin-left:auto;margin-right:auto;width:80%;" id="body-list-itmes">











     <div style="">
         <div style="text-align:center;height:20px"> </div>
         <div style="padding:1px;font-weight:bold">Item 2.02. Results of Operations and Financial Condition</div>
         <div style="padding:1px;">On November 7, 2016, Align Technology, Inc. (&quot;Align&quot;) is issuing a press release and holding a conference call regarding its financial results for its third quarter ended September 30, 2016. The full text of the press release is furnished as Exhibit 99.1 to this Form 8-K.<br><br>This information shall not be deemed &quot;filed&quot; for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.</div>
     </div>





















































     <div style="">
         <div style="text-align:center;height:20px"> </div>
         <div style="padding:1px;font-weight:bold">Item 9.01. Financial Statements and Exhibits</div>

         <div style="">
             <div style="text-align:center;height:20px"> </div>
             <div style="padding:1px;font-weight:bold">(d) Exhibits</div>
             <div style="padding:1px;"><a href="exhibit99.htm" id="body-field-exhibits">Press Release of <font>Align Technology, Inc. dated November 7, 2016</font></a></div>
         </div>
     </div>
 </div>

 <hr>

 <div style="text-align:center;height:20px"> </div>
 <div style="text-align:center;margin-left:auto;margin-right:auto;width:80%;">
  <div style="text-align:center;padding:1px;font-weight:bold;">Signature</div>
  <p>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>
  <table style="width:100%">
   <tr>
    <td style="width:30%;text-align:left">
     <font>Dated: </font><font id="signature-field-date">November 7, 2016</font>
    </td>
    <td style="width:40%"> </td>
    <td style="width:30%;text-align:left">
     <font style="font-weight:bold" id="signature-field-company">Align Technology, Inc.</font><br><br>
     <font>By: </font><font style="text-decoration:underline" id="signature-field-signature">/s/ Roger E. George</font><br>
     <font> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font id="signature-field-signaturename">Roger E. George</font><br>
     <font> &nbsp;&nbsp;&nbsp&nbsp;&nbsp;</font><font style="font-style:italic" id="signature-field-signaturetitle">Vice President, Legal and Corporate Affairs and General Counsel</font>
    </td>
   </tr>
  </table>
 </div>

 <hr>

 <div style="text-align:center;height:20px"> </div>
 <div style="text-align:center;padding:1px;font-weight:bold;" id="header-static-exhibitindex">Exhibit Index</div>

 <table style="margin-left:auto;margin-right:auto;width:80%;">
  <tr>
   <td style="text-align:center;text-decoration:underline;padding:1px;font-weight:bold;width:35%" id="footer-label-exhibitno">Exhibit No.</td>
   <td style="width:30%"> </td>
   <td style="text-align:center;text-decoration:underline;padding:1px;font-weight:bold;width:35%" id="footer-label-description">Description</td>
  </tr>
  <tr>
   <td style="text-align:center;padding:1px;" id="footer-field-exhibitno">99.1</td>
   <td> </td>
   <td style="text-align:center;padding:1px;" id="footer-field-exhibitdescription">Press Release of <font>Align Technology, Inc. dated November 7, 2016</font></td>
  </tr>
 </table>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exhibit99.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<p></p>
<b>Align Technology Announces Third Quarter 2016 Results</b>
<p>
SAN JOSE, CA -- (Marketwired - November 07, 2016) - /T/
</p>

<p>
--  Q3 revenues up 34.2% year-over-year to $278.6 million
</p>
<p>
--  Q3 results driven by Clear Aligner revenues up 22.9% year-over-year and
</p>
<p>
    Scanner revenues up 273.7% year-over-year.
</p>
<p>
--  Q3 Clear Aligner shipments up 20.5% year-over-year to 177.8 thousand
</p>
<p>
    cases, international shipments up 33.8% year-over-year
</p>
<p>
--  Diluted EPS $0.63, up $0.29 year-over-year
</p>

<pre>

Align Technology, Inc. (NASDAQ: ALGN) today reported financial results for the third quarter ended September 30, 2016. Clear Aligner case shipments in the third quarter of 2016 (Q3'16) were 177.8 thousand, a 20.5% increase year-over-year. For Q3'16, revenues were $278.6 million, a 34.2% increase year-over-year, and net profit was $51.4 million, or $0.63 per diluted share, up $0.29 per diluted share compared to the same period in the prior year.

"Q3 was a solid quarter with revenue, margins and EPS above the high end of our guidance. Our results were driven by record Invisalign case volume, up 20.5% year-over-year reflecting growth across all customer channels and geographies, as well as continued demand for iTero scanners," said Joe Hogan, Align Technology President and CEO.

GAAP Summary Financial Comparisons
Third Quarter Fiscal 2016

</pre>

<p>
----------------------------------------------------------------------------
</p>
<p>
                           Q3'16     Q2'16     Q3'15  Q/Q Change  Y/Y Change
</p>
<p>
----------------------------------------------------------------------------
</p>
<p>
Clear Aligner Shipments  177,755   176,995   147,485       +0.4%      +20.5%
</p>
<p>
Net Revenues             $278.6M   $269.4M   $207.6M       +3.4%      +34.2%
</p>
<p>
  Clear Aligner          $243.7M   $243.4M   $198.3M       +0.1%      +22.9%
</p>
<p>
  Scanner & Services      $34.9M   $25.90M     $9.3M      +34.7%     +273.7%
</p>
<p>
Net Profit                $51.4M    $50.1M    $27.6M       +2.4%      +86.0%
</p>
<p>
Diluted EPS                $0.63     $0.62     $0.34       $0.01       $0.29
</p>
<p>
----------------------------------------------------------------------------
</p>
<p>

</p>

<pre>

Note: Changes and percentages are based on actual values and may effect totals due to rounding

As of September 30, 2016, Align had $675.8 million in cash, cash equivalents and marketable securities compared to $678.7 million as of December 31, 2015. During Q3'16, Align concluded our previously announced $50 million accelerated stock repurchase (ASR) with final delivery of 143,310 shares and purchased an additional 88,000 shares amounting to $8.2 million in open market repurchases. These repurchases were collectively part of a three-year, $300 million stock repurchase program announced on April 23, 2014 ("the Align 2014 Repurchase Plan") of which the third $100 million was authorized to be purchased through April 2017. In addition to the April 2014 Repurchase Plan, Align also announced on April 28, 2016 a new plan to repurchase up to an additional $300.0 million of the Company's stock. There remains approximately $341.8 million available for repurchases under the two existing stock repurchase authorizations.

Q4 2016 Business Outlook

For the fourth quarter of 2016 (Q4'16), Align provides the following guidance:

</pre>

<p>
--  Clear Aligner case shipments in the range of 182.5 thousand to 184.5
</p>
<p>
    thousand, up approximately 13.8% to 15.0% over the same period a year
</p>
<p>
    ago.
</p>
<p>
--  Net revenues in the range of $289.2 million to $293.9 million.
</p>
<p>
--  Diluted EPS in the range of $0.64 to $0.67.
</p>

<pre>

Align Web Cast and Conference Call

Align will host a conference call today, November 7, 2016 at 4:30 p.m. ET, 1:30 p.m. PT, to review its third quarter 2016 results, discuss future operating trends and the business outlook. The conference call will also be web cast live via the Internet. To access the webcast, go to the "Events & Presentations" section under Company Information on Align's Investor Relations web site at http://investor.aligntech.com. To access the conference call, please dial 201-689-8261. An archived audio web cast will be available beginning approximately one hour after the call's conclusion and will remain available for approximately 12 months. Additionally, a telephonic replay of the call can be accessed by dialing 877-660-6853 with conference number 13646649 followed by #. For international callers, please dial 201-612-7415 and use the same conference number referenced above. The telephonic replay will be available through 5:30 p.m. ET on November 21, 2016.

About Align Technology, Inc.

Align Technology is the leader in modern Clear Aligner orthodontics that designs, manufactures and markets the Invisalign&#174; system, which provides dental professionals with a range of treatment options for adults and teenagers. Align also offers the iTero 3D digital scanning system and services for orthodontic and restorative dentistry. Align was founded in March 1997 and received FDA clearance to market the Invisalign system in 1998. Visit www.aligntech.com for more information.

For additional information about the Invisalign system or to find an Invisalign provider in your area, please visit www.invisalign.com. For additional information about the iTero 3D digital scanning system, please visit www.itero.com.

Forward-Looking Statement

This news release, including the tables below, contains forward-looking statements, including statements regarding certain business metrics for the fourth quarter of 2016, including, but not limited to, anticipated net revenues, gross margin, operating expenses, operating profit, diluted earnings per share, and case shipments. Forward-looking statements contained in this news release and the tables below relating to expectations about future events or results are based upon information available to Align as of the date hereof. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. As a result, actual results may differ materially and adversely from those expressed in any forward-looking statement. Factors that might cause such a difference include, but are not limited to, difficulties predicting customer and consumer purchasing behavior, the willingness and ability of our customers to maintain and/or increase product utilization in sufficient numbers, the possibility that the development and release of new products does not proceed in accordance with the anticipated timeline, the possibility that the market for the sale of these new products may not develop as expected, or that the expected benefits of new or existing business relationships will not be achieved as anticipated, the risks relating to Align's ability to sustain or increase profitability or revenue growth in future periods while controlling expenses, growth related risks, including capacity constraints and pressure on our internal systems and personnel, our ability to successfully achieve the anticipated benefits from the scanner and services business, continued customer demand for our existing and new products, changes in consumer spending habits as a result of, among other things, prevailing economic conditions, levels of employment, salaries and wages and consumer confidence, the timing of case submissions from our doctors within a quarter, acceptance of our products by consumers and dental professionals, foreign operational, political and other risks relating to Align's international manufacturing operations, Align's ability to protect its intellectual property rights, continued compliance with regulatory requirements, competition from existing and new competitors, Align's ability to develop and successfully introduce new products and product enhancements and the loss of key personnel. These and other risks are detailed from time to time in Align's periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its Annual Report on Form 10-K for the year ended December 31, 2015, which was filed with the Securities and Exchange Commission (SEC) on February 25, 2016, and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2016, which was filed with the SEC on August 4, 2016. Align undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

</pre>

<p>

</p>
<p>
ALIGN TECHNOLOGY, INC.
</p>
<p>
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
</p>
<p>
(in thousands, except per share data)
</p>
<p>

</p>
<p>
                               Three Months Ended       Nine Months Ended
</p>
<p>
                                 September 30,           September 30,
</p>
<p>

</p>
<p>
                             ----------------------- -----------------------
</p>
<p>

</p>
<p>
                                2016        2015        2016        2015
</p>
<p>
                             ----------- ----------- ----------- -----------
</p>
<p>

</p>
<p>
Net revenues                 $   278,589 $   207,636 $   786,671 $   615,210
</p>
<p>

</p>
<p>
Cost of net revenues              69,387      50,060     191,626     147,910
</p>
<p>
                             ----------- ----------- ----------- -----------
</p>
<p>

</p>
<p>
Gross profit                     209,202     157,576     595,045     467,300
</p>
<p>
                             ----------- ----------- ----------- -----------
</p>
<p>

</p>
<p>
Operating expenses:
</p>
<p>
 Selling, general and
</p>
<p>
  adminstrative                  126,708     101,751     360,385     290,657
</p>
<p>
 Research and development         20,415      17,779      54,111      47,348
</p>
<p>
                             ----------- ----------- ----------- -----------
</p>
<p>
Total operating expenses         147,123     119,530     414,496     338,005
</p>
<p>

</p>
<p>
Income fom operations             62,079      38,046     180,549     129,295
</p>
<p>

</p>
<p>
Interest and other income
</p>
<p>
 (expense), net                    1,463     (1,568)       1,161     (2,846)
</p>
<p>
                             ----------- ----------- ----------- -----------
</p>
<p>

</p>
<p>
Net income before provision
</p>
<p>
 for income taxes and
</p>
<p>
 equity in losses of
</p>
<p>
 investee                         63,542      36,478     181,710     126,449
</p>
<p>

</p>
<p>
Provision for income taxes        11,698       8,862      39,172      31,306
</p>
<p>
Equity in losses of
</p>
<p>
 investee, net of tax                477           -         477           -
</p>
<p>
                             ----------- ----------- ----------- -----------
</p>
<p>

</p>
<p>
Net income                   $    51,367 $    27,616 $   142,061 $    95,143
</p>
<p>
                             =========== =========== =========== ===========
</p>
<p>

</p>
<p>
Net income per share
</p>
<p>
 Basic                       $      0.64 $      0.35 $      1.78 $      1.19
</p>
<p>
 Diluted                     $      0.63 $      0.34 $      1.74 $      1.17
</p>
<p>
                             =========== =========== =========== ===========
</p>
<p>

</p>
<p>
Shares used in computing
</p>
<p>
 net income per share
</p>
<p>
 Basic                            79,977      79,808      79,920      80,173
</p>
<p>
                             ----------- ----------- ----------- -----------
</p>
<p>
 Diluted                          81,466      81,092      81,523      81,576
</p>
<p>
                             =========== =========== =========== ===========
</p>
<p>

</p>

<pre>

</pre>

<p>

</p>
<p>
ALIGN TECHNOLOGY, INC.
</p>
<p>
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
</p>
<p>
(in thousands)
</p>
<p>

</p>
<p>
                                           September 30,      December 31,
</p>
<p>
                                                2016              2015
</p>
<p>
                                          ----------------  ----------------
</p>
<p>
ASSETS
</p>
<p>

</p>
<p>
Current assets:
</p>
<p>
 Cash and cash equivalents                $        419,948  $        167,714
</p>
<p>
 Marketable securities, short-term                 193,018           359,581
</p>
<p>
 Accounts receivable, net                          244,992           158,550
</p>
<p>
 Inventories                                        26,341            19,465
</p>
<p>
 Prepaid expenses and other current
</p>
<p>
  assets                                            27,469            26,700
</p>
<p>
                                          ----------------  ----------------
</p>
<p>
  Total current assets                             911,768           732,010
</p>
<p>

</p>
<p>
Marketable securities, long-term                    62,820           151,370
</p>
<p>
Property, plant and equipment, net                 172,658           136,473
</p>
<p>
Equity method investments                           46,268                 -
</p>
<p>
Goodwill and intangible assets, net                 82,987            79,162
</p>
<p>
Deferred tax assets                                 68,918            51,416
</p>
<p>
Other assets                                        13,474             8,202
</p>
<p>
                                          ----------------  ----------------
</p>
<p>

</p>
<p>
  Total assets                            $      1,358,893  $      1,158,633
</p>
<p>
                                          ================  ================
</p>
<p>

</p>
<p>
   LIABILITIES AND STOCKHOLDERS' EQUITY
</p>
<p>

</p>
<p>
Current liabilities:
</p>
<p>
 Accounts payable                         $         33,104  $         34,354
</p>
<p>
 Accrued liabilities                               132,538           107,765
</p>
<p>
 Deferred revenues                                 177,409           129,553
</p>
<p>
                                          ----------------  ----------------
</p>
<p>
  Total current liabilities                        343,051           271,672
</p>
<p>

</p>
<p>
Income tax payable                                  42,539            37,512
</p>
<p>
Other long term liabilities                            993             1,523
</p>
<p>
                                          ----------------  ----------------
</p>
<p>
  Total liabilities                                386,583           310,707
</p>
<p>

</p>
<p>
Total stockholders' equity                         972,310           847,926
</p>
<p>
                                          ----------------  ----------------
</p>
<p>

</p>
<p>
  Total liabilities and stockholders'
</p>
<p>
   equity                                 $      1,358,893  $      1,158,633
</p>
<p>
                                          ================  ================
</p>
<p>

</p>

<pre>

</pre>

<p>
ALIGN TECHNOLOGY, INC.
</p>
<p>
Q3 2016 FINANCIAL AND BUSINESS METRICS
</p>
<p>
(in thousands except average selling price, utilization and doctors trained)
</p>

<pre>

</pre>

<p>

</p>
<p>

</p>
<p>
                                   Q1          Q2          Q3         Q4
</p>
<p>
                                  2015        2015        2015       2015
</p>
<p>
Invisalign Clear Aligner Net
</p>
<p>
 Revenues by Geography:
</p>
<p>
 North America                $   118,844 $   126,137 $   124,085 $  129,663
</p>
<p>
 International                     55,920      61,896      61,265     70,980
</p>
<p>
 Non-case*                         12,265      12,784      12,942     13,405
</p>
<p>
                              ----------- ----------- ----------- ----------
</p>
<p>
  Total Clear Aligner Net
</p>
<p>
   Revenues                   $   187,029 $   200,817 $   198,292 $  214,048
</p>
<p>
                              =========== =========== =========== ==========
</p>
<p>
   YoY % growth                     11.2%       11.7%       11.3%      14.8%
</p>
<p>
   QoQ % growth                      0.3%        7.4%       -1.3%       7.9%
</p>
<p>
 *includes Invisalign
</p>
<p>
  training, ancillary
</p>
<p>
  products, and retainers
</p>
<p>

</p>
<p>
Average Invisalign Selling
</p>
<p>
 Price (ASP):
</p>
<p>
 Worldwide ASP                $     1,335 $     1,300 $     1,255 $    1,250
</p>
<p>
 International ASP            $     1,410 $     1,380 $     1,325 $    1,315
</p>
<p>

</p>
<p>

</p>
<p>
Invisalign Clear Aligner
</p>
<p>
 Cases Shipped by Geography:
</p>
<p>
 North America                     91,110      99,630     101,260    106,390
</p>
<p>
 International                     39,670      44,940      46,225     54,010
</p>
<p>
                              ----------- ----------- ----------- ----------
</p>
<p>
  Total Cases Shipped             130,780     144,570     147,485    160,400
</p>
<p>
                              =========== =========== =========== ==========
</p>
<p>
   YoY % growth                     16.6%       28.9%       23.6%      26.4%
</p>
<p>
   QoQ % growth                      3.1%       10.5%        2.0%       8.8%
</p>
<p>

</p>
<p>
Number of Invisalign Doctors
</p>
<p>
 Cases Shipped To:
</p>
<p>
 North America                     20,165      21,335      21,160     21,835
</p>
<p>
 International                      9,050       9,790      10,150     10,865
</p>
<p>
                              ----------- ----------- ----------- ----------
</p>
<p>
  Total Doctors Cases
</p>
<p>
   Shipped To                      29,215      31,125      31,310     32,700
</p>
<p>
                              =========== =========== =========== ==========
</p>
<p>

</p>
<p>
Invisalign Doctor
</p>
<p>
 Utilization Rates*:
</p>
<p>
 North America                        4.5         4.7         4.8        4.9
</p>
<p>
  North American
</p>
<p>
   Orthodontists                      9.0         9.5         9.9        9.9
</p>
<p>
  North American GP Dentists          2.9         3.0         2.9        3.1
</p>
<p>
 International                        4.4         4.6         4.6        5.0
</p>
<p>
  Total Utilization Rates             4.5         4.6         4.7        4.9
</p>
<p>
 * # of cases shipped/# of
</p>
<p>
  doctors to whom cases were
</p>
<p>
  shipped
</p>
<p>

</p>
<p>
Number of Invisalign Doctors
</p>
<p>
 Trained:
</p>
<p>
 North America                        870       1,120       1,060      1,270
</p>
<p>
 International                      1,540       1,335       1,200      1,400
</p>
<p>
  Total Doctors Trained
</p>
<p>
   Worldwide                        2,410       2,455       2,260      2,670
</p>
<p>
                              =========== =========== =========== ==========
</p>
<p>
  Total to Date Worldwide          96,405      98,860     101,120    103,790
</p>
<p>
                              =========== =========== =========== ==========
</p>
<p>

</p>
<p>
Total Net Revenues:
</p>
<p>
 Clear Aligner Net Revenues   $   187,029 $   200,817 $   198,292 $  214,048
</p>
<p>
 Scanner & Services Net
</p>
<p>
  Revenues                         11,057       8,671       9,344     16,228
</p>
<p>
                              ----------- ----------- ----------- ----------
</p>
<p>
  Total Worldwide Net
</p>
<p>
   Revenues                   $   198,086 $   209,488 $   207,636 $  230,276
</p>
<p>
                              =========== =========== =========== ==========
</p>
<p>
   YoY % growth                      9.7%        8.8%        9.4%      15.9%
</p>
<p>
   QoQ % growth                     -0.3%        5.8%       -0.9%      10.9%
</p>
<p>

</p>
<p>
Stock-based Compensation
</p>
<p>
 (SBC)
</p>
<p>
 SBC included in Gross
</p>
<p>
  Profit                      $       980 $       970 $       984 $    1,008
</p>
<p>
 SBC included in Operating
</p>
<p>
  Expenses                         10,670      11,860      13,677     12,799
</p>
<p>
                              ----------- ----------- ----------- ----------
</p>
<p>
  Total SBC Expense           $    11,650 $    12,830 $    14,661 $   13,807
</p>
<p>
                              =========== =========== =========== ==========
</p>
<p>

</p>
<p>

</p>
<p>

</p>

<p>

</p>
<p>
------------
</p>
<p>
   Fiscal         Q1          Q2          Q3
</p>
<p>
    2015         2016        2016        2016
</p>
<p>

</p>
<p>
$    498,729 $   135,699 $   143,909 $   143,800
</p>
<p>
     250,061      69,850      83,703      84,304
</p>
<p>
      51,396      14,149      15,824      15,564
</p>
<p>
------------------------ ----------- -----------
</p>
<p>
$    800,186 $   219,698 $   243,436 $   243,668
</p>
<p>
======================== =========== ===========
</p>
<p>
       12.3%       17.5%       21.2%       22.9%
</p>
<p>
                    2.6%       10.8%        0.1%
</p>
<p>

</p>
<p>

</p>
<p>

</p>
<p>
$      1,285 $     1,255 $     1,285 $     1,285
</p>
<p>
$      1,355 $     1,315 $     1,345 $     1,365
</p>
<p>

</p>
<p>

</p>
<p>

</p>
<p>
     398,390     110,500     114,855     115,900
</p>
<p>
     184,845      53,195      62,140      61,855
</p>
<p>
------------------------ ----------- -----------
</p>
<p>
     583,235     163,695     176,995     177,755
</p>
<p>
======================== =========== ===========
</p>
<p>
       22.0%       25.2%       22.4%       20.5%
</p>
<p>
                    2.1%        8.1%        0.4%
</p>
<p>

</p>
<p>

</p>
<p>
      31,710      22,355      22,575      22,570
</p>
<p>
      16,460      11,280      12,485      12,720
</p>
<p>
------------------------ ----------- -----------
</p>
<p>
      48,170      33,635      35,060      35,290
</p>
<p>
======================== =========== ===========
</p>
<p>

</p>
<p>

</p>
<p>
        12.6         4.9         5.1         5.1
</p>
<p>
        31.8        10.4        10.7        11.1
</p>
<p>
         7.4         3.0         3.1         3.0
</p>
<p>
        11.2         4.7         5.0         4.9
</p>
<p>
        12.1         4.9         5.1         5.0
</p>
<p>

</p>
<p>

</p>
<p>

</p>
<p>
       4,320         875       1,125       1,300
</p>
<p>
       5,475       1,605       1,760       1,315
</p>
<p>
       9,795       2,480       2,885       2,615
</p>
<p>
======================== =========== ===========
</p>
<p>
     103,790     106,270     109,155     111,770
</p>
<p>
======================== =========== ===========
</p>
<p>

</p>
<p>

</p>
<p>
$    800,186 $   219,698 $   243,436 $   243,668
</p>
<p>
      45,300      19,022      25,926      34,921
</p>
<p>
------------------------ ----------- -----------
</p>
<p>
$    845,486 $   238,720 $   269,362 $   278,589
</p>
<p>
======================== =========== ===========
</p>
<p>
       11.0%       20.5%       28.6%       34.2%
</p>
<p>
                    3.7%       12.8%        3.4%
</p>
<p>

</p>
<p>

</p>
<p>
$      3,942 $       961 $       932 $       995
</p>
<p>
      49,006      11,563      12,767      12,716
</p>
<p>
------------------------ ----------- -----------
</p>
<p>
$     52,948 $    12,524 $    13,699 $    13,711
</p>
<p>
======================== =========== ===========
</p>
<p>

</p>
<p>
------------
</p>
<p>

</p>

<pre>

Note: Historical public data may differ due to rounding. Additionally, rounding may effect totals.

</pre>

<p>

</p>
<p>
ALIGN TECHNOLOGY, INC.
</p>
<p>
BUSINESS OUTLOOK SUMMARY
</p>
<p>
(unaudited)
</p>
<p>

</p>
<p>
The outlook figures provided below and elsewhere in this press release are
</p>
<p>
 approximate in nature since Align's business outlook is difficult to
</p>
<p>
 predict. Align's future performance involves numerous risks and
</p>
<p>
 uncertainties and the company's results could differ materially from the
</p>
<p>
 outlook provided. Some of the factors that could affect Align's future
</p>
<p>
 financial performance and business outlook are set forth under "Forward-
</p>
<p>
 Looking Information" above in this press release.
</p>
<p>

</p>
<p>
Financial Outlook
</p>
<p>
(in millions, except per share amounts and percentages)
</p>
<p>

</p>
<p>
                                                     Q4'16 Guidance
</p>
<p>
                                            --------------------------------
</p>
<p>

</p>
<p>
                                                          GAAP
</p>
<p>
                                            --------------------------------
</p>
<p>

</p>
<p>
Net Revenues                                         $289.2 - $293.9
</p>
<p>

</p>
<p>
Gross Margin                                          74.7% - 75.1%
</p>
<p>

</p>
<p>
Operating Expenses                                   $149.6 - $150.6
</p>
<p>

</p>
<p>
Operating Margin                                      23.0% - 23.9%
</p>
<p>

</p>
<p>
Net Income per Diluted Share                          $0.64 - $0.67
</p>
<p>

</p>
<p>

</p>
<p>
Business Metrics:                                         Q4'16
</p>
<p>
                                            --------------------------------
</p>
<p>

</p>
<p>
Case Shipments                                       182.5K - 184.5K
</p>
<p>
Capital Expenditure                                    $63M - $68M
</p>
<p>
Depreciation & Amortization                           $7.0M - $7.5M
</p>
<p>
Diluted Shares Outstanding                               81.5M*
</p>
<p>
Stock Based Compensation Expense                         $14.7M
</p>
<p>
Tax Rate                                                  22.0%
</p>
<p>

</p>
<p>
* Excludes any stock repurchases during the quarter
</p>
<p>

</p>

<pre>

<pre>
Investor Relations Contact
Shirley Stacy
Align Technology, Inc.
(408) 470-1150
sstacy@aligntech.com

Press Contact
Shannon Mangum Henderson
Ethos Communication, Inc.
(678) 261-7803
align@ethoscommunication.com</pre>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
