| Business Summary | | Align
Technology,
Inc.
designs,
manufactures
and
markets
the
Invisalign
System,
a
proprietary
method
for
treating
malocclusion,
or
the
misalignment
of
teeth.
The
System
corrects
malocclusion
using
a
series
of
clear,
removable
appliances
that
gently
move
teeth
to
a
desired
final
position.
Because
it
does
not
rely
on
the
use
of
metal
or
ceramic
brackets
and
wires,
the
System
reduces
the
aesthetic
and
other
limitations
associated
with
braces.
The
Invisalign
System
consists
of
two
components:
ClinCheck
and
Aligners.
ClinCheck
is
an
interactive
Internet
application
that
allows
orthodontists
to
diagnose
and
plan
treatment
for
their
patients.
Aligners
are
custom-manufactured,
clear,
removable
dental
appliances
that,
when
worn
in
prescribed
series,
provide
orthodontic
treatment.
Commercial
sales
of
the
Invisalign
System
commenced
in
the
United
States
in
July
1999.
As
of
February
28,
2001,
approximately
14,800
patients
had
entered
treatment
using
the
system. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Align
Technology,
Inc.
designs,
manufactures
and
markets
the
Invisalign
System,
a
new
method
for
treating
malocclusion,
or
the
misalignment
of
teeth.
For
the
six
months
ended
6/30/01,
revenues
rose
from
$2
million
to
$21.2
million.
Net
loss
applicable
to
Common
fell
13%
to
$65.4
million.
Revenues
reflect
increased
sales
of
the
Invisalign
System.
Lower
loss
reflects
interest
and
other
income
of
$740
vs.
an
expense
of
$7.6
million
and
a
decrease
of
$33
million
in
preferred
dividends. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Zia Chishti, 29 Chairman,
CEO | $152K | Kelsey Wirth, 31 Pres,
Sec., Director | 152K | Stephen Bonelli, 38 CFO,
VP-Fin. | -- | Christian Skieller, 52 VP-Operations | -- | James Heslin, 50 VP,
Gen. Counsel | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|