Align Technology (ALGN) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter was essentially flat compared to the prior quarter, while it increased relative to the same quarter a year ago. The sequential change was slightly negative, but the year-over-year comparison showed growth.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter was essentially flat compared to the prior quarter, while it increased relative to the same quarter a year ago. The sequential change was slightly negative, but the year-over-year comparison showed growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$956.7M
Revenue reported for this quarter.
Quarter-over-quarter
-0.4%
Change from the immediately preceding quarter.
Year-over-year
+6.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $943.1M | -3.1% |
| Jun 30, 2023 | $1B | +3.4% |
| Sep 30, 2023 | $960.2M | +7.8% |
| Dec 31, 2023 | $956.7M | +6.1% |
Revenue performance
Reported revenue declined marginally from the immediately preceding quarter, reflecting a slight sequential contraction. The year-over-year comparison, however, remained positive, indicating higher revenue than the same period one year earlier.
Quarterly comparison
Compared to the prior quarter, revenue decreased by a small fraction, while compared to the same quarter one year ago, revenue increased. The trailing twelve-month revenue was substantially higher than the quarterly figure.
What to watch
The slight sequential decline in revenue may warrant monitoring for any emerging trend in demand or seasonality.