Medical device company Align Technology's second-quarter results show the company earned $1 billion in quarterly revenue for the first time.
The results, released July 28, show the company's second-quarter earnings increased by 13 percent from the first quarter and 186.9 percent from last year. The Tempe, Ariz.-based company also reached new milestones for revenue growth of its clear aligners and imaging systems and CAD/CAM services.
Its clear aligners brought in 11.6 percent more revenue from the previous quarter and 181.9 percent more revenue since last year, resulting in $841 million. Second-quarter earnings for imaging systems and CAD/CAM services were up by 20 percent from the first quarter and 214.7 percent from last year, bringing the company $169.8 million.