- Total revenue: $995.2M, +4.0% YoY
- Clear Aligner volumes up 6.1% YoY to 628,730 cases
- Systems and Services revenue grew 14.9% YoY to $200.9M
CEO Joe Hogan: "I am pleased to report that Q4 total revenues, Clear Aligner volumes, and Systems and Services revenues were in line with our Q4 outlook and both GAAP and non-GAAP operating margins were better than our Q4 outlook."
🌱Revenue & Growth
- Clear Aligner revenue: $794.3M, +1.6% YoY
- Full year revenue: $4.0B, +3.5% YoY
- International doctor utilization rate: 6.8 cases vs 6.5 YoY
- North American orthodontist utilization: 26.3 cases vs 25.9 YoY
💰Profits & Financials
- GAAP operating margin: 14.5% vs 17.9% YoY
- Non-GAAP operating margin: 23.2% vs 23.8% YoY
- Cash and equivalents: $1.04B
- Repurchased $202.9M of stock in Q4 at average price of $222.94
📌Business Highlights
- Achieved 271.6K active Invisalign trained practitioners
- Reached 19.5M Invisalign patients, including 5.6M teens/kids
- Completed $30M equity investment in Smile Doctors
- Patrick Mahomes joined as Invisalign Smile Squad ambassador
🔮Future Outlook
- Q1'25 revenue expected $965M-$985M
- Expects 2025 Clear Aligner volume growth in mid-single digits
- Plans Clear Aligner price increase of ~3% in Americas/EMEA regions
- 2025 capital expenditure expected between $100M-$150M