ANGELALIGN: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED DECEMBER 31, 2024

AngelAlign's revenue for the fiscal year 2024 increased by 28.2% year-on-year to $0.269 billion, with net profit growing by 46.6% to $10 million, and the gross margin remained at 62.6%. The total number of cases for invisible correction increased by 46.7% to 359,400, with cases outside of China growing by 326.4% to 140,700, accounting for 39.1%. Revenue from the global market outside of China surged by 290.4% to $80.5 million, accounting for 30% of total revenue. The company continues to advance its "digitalization and globalization" dual-engine development strategy, with its Business extending across over 50 countries. In terms of product innovation, the intelligent algorithm "New Version A6 board" was launched, significantly upgrading the "Classic Version" product, and introducing sub-product lines "KiD Max" and "KiD Anti-Caries Version" in the early intervention...Show More

AngelAlign's revenue for the fiscal year 2024 increased by 28.2% year-on-year to $0.269 billion, with net profit growing by 46.6% to $10 million, and the gross margin remained at 62.6%. The total number of cases for invisible correction increased by 46.7% to 359,400, with cases outside of China growing by 326.4% to 140,700, accounting for 39.1%. Revenue from the global market outside of China surged by 290.4% to $80.5 million, accounting for 30% of total revenue. The company continues to advance its "digitalization and globalization" dual-engine development strategy, with its Business extending across over 50 countries. In terms of product innovation, the intelligent algorithm "New Version A6 board" was launched, significantly upgrading the "Classic Version" product, and introducing sub-product lines "KiD Max" and "KiD Anti-Caries Version" in the early intervention sector. R&D investment reached $21.3 million, accounting for 7.9% of total revenue. Looking ahead, the company will continue to enhance R&D capabilities, innovate invisible orthodontic solutions, improve digital systems, expand the sales network, and further explore the Global market. The Board of Directors recommends the distribution of a special final dividend of HK$0.38 per share. Attention must also be paid to external risk factors such as uncertainties in the recovery of the global economy and geopolitical conflicts that may potentially impact the Business.