Align Technology(US:ALGN) The Motley Foolยท2024-02-01 17:44Group 1 - Align Technology's stock initially rose by 15% after reporting Q4 2023 financial results, but later surrendered gains to be up less than 1% [1] - The company generated net revenue of $957 million in Q4 2023, a nearly 7% year-over-year increase, exceeding management's guidance of $920 million to $940 million [2] - Management provided guidance for modest top-line growth and improvement in operating margin for 2024, leading to upgrades from Wall Street analysts [2] Group 2 - Align Technology achieved an 11.5% net profit margin in 2023, indicating strong profitability [3] - The company plans to invest $100 million in 2024 to support manufacturing and has introduced a new, faster, and smaller version of the iTero scanner to attract more doctors [3] - In 2023, Align Technology repurchased 1 million shares and has $650 million remaining in share repurchase authorization [3]