Align Technology Inc., Annual General Meeting, May 16, 2013., at 10:00 Pacific Standard Time. Location: 2560 Orchard Parkway. Agenda: To elect eight directors to serve until the next annual meeting of stockholders or until their respective successors have been duly elected and qualified; to ratify the appointment of PricewaterhouseCoopers LLP as its independent registered public accountants for the fiscal year ending December 31, 2013; to conduct an advisory (non-binding) vote to approve the compensation of its named executive officers; to approve its amended and restated 2005 incentive plan; and to consider such other business as may properly come before the annual meeting of stockholders or any adjournments or postponements thereof.

Align Technology Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenues of $153,580,000 against $135,079,000 year ago, an increased 7.5% sequentially and 13.7% year-over-year. Loss from operations was $38,075,000 against profit from operations of $28,006,000 for the same period last year. Loss before income taxes was $39,063,000 against profit before income taxes of $27,194,000 for the same period last year. Net loss was $41,983,000 or 0.52 per basic and diluted share against net profit of $20,984,000 or 0.26 per basic and diluted share for the same period last year. Non-GAAP profit from operations was $28,938,000 compared to $29,162,000 for the same period a year ago. On Non-GAAP basis net profit was $21,242,000 or $0.26 per diluted share against $21,546,000 or $0.26 per diluted share for the same period last year. LBITDA was $34,119,000 against EBITDA of $31,093,000 for the same period last year. Adjusted EBITDA was $32.9 million against $32.2 million for the same period last year. For the second quarter, the company expects net revenues to be in the range of $153.6 million to $157.4 million. Gross margin expected to be 74.5% to 75.0%. Net income per diluted share is expected to be $0.26 to $0.28. Capex was expected to be $4.5 million to $6.0 million. The effective tax rate expected to be approximately 24%. Earnings per diluted share expected to be in a range of $0.26 to $0.28. For the first quarter ended March 31, 2013, the company announced impairment of goodwill of $40,693,000 and impairment of long-lived assets of $26,320,000.

Align Technology Inc., Q1 2013 Earnings Call, Apr 18, 2013