#Clear Aligners #Angelalign #Digital Orthodontics

Angelalign Technology's Growth Surge in 2024

In a remarkable demonstration of resilience and innovation, Angelalign Technology Inc. has reported impressive financial results for the fiscal year 2024. With a focused strategy on global expansion and technological advancement in orthodontics, the Company has achieved a significant increase in both case volume and revenue, showcasing its adaptability in a complex market environment.

Financial Performance Highlights

According to recent disclosures, Angelalign's clear aligner case volume soared to approximately 359,400 in 2024, marking a striking 46.7% increase from the previous year's volume of 245,000 cases. The Company’s commitment to reaching international markets is evident, with non-China global markets contributing about 140,700 cases—39.1% of its total annual case volume.

In terms of revenue, Angelalign reported an annual growth of 28.2%, bringing total earnings to approximately US$268.8 million. The Company’s gross profit also experienced a healthy rise of 28.7%, resulting in a gross profit of US$168.2 million, while net profit enjoyed a significant boost of 46.6%, reaching US$10.0 million. These figures highlight the financial strength and viability of Angelalign's growth strategy, as bolstered by a healthy cash reserve of US$227.1 million.

Pioneering Orthodontic Solutions

Founded in 2003 by a visionary team of orthodontists, Angelalign has now treated over one million patients and established itself as a dominant force in the clear aligner market, particularly in China. Recognized as a leader in one of the world's most complex clear aligner markets, the Company distinguishes itself through superior product offerings and market share. Since its public listing on the Hong Kong Stock Exchange in 2021, Angelalign has accelerated its global growth and adopted a