earnings
confidence high
sentiment positive
materiality 0.85
Alignment Healthcare Q2 revenue $366.5M (+18.6% YoY); raises FY 2022 guidance
Alignment Healthcare, Inc.
2022-Q2 EPS reported
-$0.29
revenue$712,000,000
- Health plan membership 95,900, up 13.2% YoY; medical benefits ratio 83.4%, lowest since IPO.
- Adjusted gross profit $61M, exceeding guidance for fifth consecutive quarter since IPO.
- Adjusted EBITDA $10.3M vs. loss of $4.7M a year ago; net loss narrowed to $11.6M from $44.8M.
- Raises FY 2022 outlook: revenue $1.365-1.38B, adj. gross profit $177-184M, adj. EBITDA ($41)-($35)M.
- Plans 2023 market expansions subject to regulatory approval, increasing reach by 15% to 8.2M Medicare-eligible adults.