Alignment Healthcare Q3 revenue up 22.8% to $360.3M; raises full-year guidance

Alignment Healthcare, Inc.

2022-Q3 EPS reported -$0.51 revenue$1,072,348,000

Q3 revenue $360.3M (+22.8% YoY); health plan membership ~98,000 (+14% YoY).
Adjusted gross profit $49.5M (13.7% margin); adjusted EBITDA $(9.5)M; net loss $40.2M.
Total cash $567.4M, debt $165.0M; medical benefit ratio 86.3%.
Raised FY2022 outlook: revenue $1.41-1.415B, adjusted gross profit $189-192M, adjusted EBITDA $(33)-(30)M.
~95% of members in plans rated 4+ stars; 5-star plan in NC first year, 4-star HMO in CA sixth year.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alignment Healthcare, Inc. reported third quarter ended September 30, 2022 results: revenue $360.3 million, net income ($40.2) million. Guidance raised.

Period: third quarter ended September 30, 2022
Revenue: $360.3 million
Net income: ($40.2) million
Guidance: raised
Result: reported results

Exact text from the filing

EdgarFiling EXHIBIT 99.1 Alignment Healthcare Reports Third Quarter Results; Continues to Beat Guidance Across All Key Financial Metrics; Raises Full-Year 2022 Outlook Reports $360.3 million in total revenue, up 22.8% year-over-year Exceeds high end of guidance on four key performance indicators: membership, revenue, adjusted gross profit and adjusted EBITDA Earns

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Source: SEC EDGAR

accession 0001171843-22-007073

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