Wednesday, April 26, 2006

Align Technology Tortured Loss Explanation

Align Technology (Nasdaq:ALGN) lost money in Q1 2006. The press release does not deal with the loss until you are well into the text. CEO and president Thomas Prescott is attributed some very convoluted language about product mix within the press release. He also claims in his remarks that revenue and volume growth are critical. The press release clearly states revenues are down. Are they really switched on in this shop? Or are they blowing smoke?