Align Technology faces risks from macroeconomic factors (inflation, currency fluctuations, recessions), geopolitical events (military conflicts), changing consumer preferences, increasing competition, operational issues (manufacturing capacity, supply chain disruptions, IT system vulnerabilities), legal risks (litigation, regulatory actions), financial risks (goodwill impairment, accounting changes, tax liabilities), and stock market volatility. Currency fluctuations and legal proceedings are significant concerns.
Financial Upside
Align Technology's revenue increased slightly year-over-year, driven by growth in the Systems and Services segment (iTero scanners and CAD/CAM services). Increased case volume and higher average selling prices for iTero scanners are positive indicators. The company has a large cash balance and a credit facility, providing financial flexibility. Repurchase programs and a recent settlement agreement offer potential for capital return and reduced liabilities.
