Alignment Healthcare beats Q1 guidance; revenue up 29.4% to $345.5M

Alignment Healthcare, Inc.

2023-Q1 EPS reported -$0.23 revenue$345,526,000

Total revenue $345.5M, up 29.4% YoY; health plan premium revenue $330.9M, up 25%.
Membership 94,200 (+13.4% YoY), exceeding high end of Q1 guidance.
Medical benefits ratio 87.0% (improved from 91.5%); adjusted gross profit $44.9M.
Net loss $40.8M; adjusted EBITDA ($3.9M) vs ($14.0M) in prior year.
Q2 revenue guidance $335-340M; FY22 revenue guidance $1.335-1.350B.

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