Align Technology Announces Fourth Quarter and Fiscal 2023 Financial Results

Note:
(1) We define constant currency net revenues as total net revenues excluding the effect of foreign exchange rate movements and use it to determine the percentage for the constant currency impact on net revenues on a sequential, year-over-year and current year versus prior year basis. Constant currency impact in dollars is calculated by translating the current period GAAP net revenues using the foreign currency exchange rates that were in effect during the previous comparable period and subtracting it by the current period GAAP net revenues. The percentage for the constant currency impact on net revenues is calculated by dividing the constant currency impact in dollars (numerator) by constant currency net revenues in dollars (denominator).
(+) Changes and percentages are based on actual values. Certain tables may not sum or recalculate due to rounding. Refer to "About Non-GAAP Financial Measures" section of press release.

ALIGN TECHNOLOGY, INC.
UNAUDITED GAAP TO NON-GAAP RECONCILIATION CONTINUED+
CONSTANT CURRENCY GROSS PROFIT AND GROSS MARGIN
(in thousands, except percentages)

Sequential constant currency analysis:

 

 

Three Months Ended

 

 

December 31,
2023

 

September 30,
2023

GAAP gross profit

 

$

669,524

 

$

663,076

Constant currency impact on net revenues

 

 

12,782

 

 

Constant currency gross profit

 

$

682,306

 

 

 

 

Three Months Ended

 

 

December 31,
2023

 

September 30,
2023

GAAP gross margin

 

70.0

%

 

69.1

%

Gross margin constant currency impact (1)

 

0.4

 

 

 

Constant currency gross margin (1)

 

70.4

%

 

 

Year-over-year constant currency analysis:

 

 

Three Months Ended

December 31,

 

 

 

2023

 

 

 

2022

GAAP gross profit

 

$

669,524

 

 

$

617,701

Constant currency impact on net revenues

 

 

(13,805

)

 

 

Constant currency gross profit

 

$

655,719

 

 

 

 

 

Three Months Ended
December 30,

 

 

2023

 

 

2022

 

GAAP gross margin

 

70.0

%

 

68.5

%

Gross margin constant currency impact (1)

 

(0.4

)

 

 

Constant currency gross margin (1)

 

69.5

%

 

 


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17  Next Page »
Featured Video
Jobs
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
GIS Specialist for Washington State Department of Natural Resources at Olympia, Washington
Mechanical Engineer 2 for Lam Research at Fremont, California
Principal Engineer for Autodesk at San Francisco, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Mechanical Engineer 3 for Lam Research at Fremont, California
Upcoming Events
URISA GIS Leadership Academy at Embassy Suites Fort Worth Downtown 600 Commerce Street Fort Worth, TX - Nov 18 - 22, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise