secwatch.observer — SEC 8-K summary
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Issuer:     Alight, Inc. / Delaware (ALIT)
CIK:        0001809104
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000950170-22-021501
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alight Q3 revenue rises 8.7% to $750M; BPaaS revenue up 55.7%; reaffirms FY2022 outlook
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- Net loss improved to $45M from prior-year $120M; adjusted EBITDA $133M vs $153M.
- BPaaS revenue $151M (+55.7%); nine-month BPaaS bookings $564M, over 80% of $680-700M target.
- Employer Solutions revenue $645M (+9.9%); Professional Services $95M (+2.2%); Hosted flat at $10M.
- FY2022 outlook reaffirmed: revenue $3.09-3.12B, adj EBITDA $650-662M, adj EPS $0.54-0.60.
- Repurchased $12M of stock under $100M program; cash $304M, total debt $2.83B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809104/000095017022021501/0000950170-22-021501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809104/000095017022021501/alit-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-021501

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer