8-K
filed February 28, 2023, 6:59 PM ET
ticker ALHC
CIK 0001832466
earnings
confidence high
sentiment positive
materiality 0.75
Alignment Healthcare reports 2022 revenue of $1.43B, up 23% YoY; guides 2023 revenue $1.705-1.73B
Alignment Healthcare, Inc.
2022-FY EPS reported
-$0.83
revenue$1,434,159,000
- Q4 revenue $361.8M (+21.3% YoY); health plan membership 98,400 (+14.3%).
- Full-year adjusted gross profit $193.6M (13.5% margin); adjusted EBITDA loss $26.7M.
- 2023 guidance: revenue $1.705-1.73B, adjusted gross profit $205-217M, adjusted EBITDA loss $34-20M.
- Beats high end of Q4 and FY2022 guidance on revenue, adjusted gross profit, and adjusted EBITDA.
- Care Anywhere model shows nearly 40% fewer hospitalizations vs. traditional Medicare in all markets.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Alignment Healthcare, Inc. reported the fiscal year ended December 31, 2022 results: revenue $1,434.2 million, net income ($149.6) million.
- Period
- the fiscal year ended December 31, 2022
- Revenue
- $1,434.2 million
- Net income
- ($149.6) million
- Result
- reported results
Exact text from the filing
Total revenue was $1,434.2 million, up 22.8% year over year Health plan premium revenue of $1,372.3 million represented 22.4% growth year over year Adjusted gross profit was $193.6 million and loss from operations was ($128.6) million Adjusted gross profit excludes depreciation and amortization of $17.5 million and selling, general, and administrative expenses of $295.6 million (which includes $72.6 million of equity-based compensation). Adjusted gross profit also excludes an additional $9.1 million of equity-based compensation recorded within medical expenses Medical benefits ratio based on adjusted gross profit was 86.5% Adjusted EBITDA was ($26.7) million and net loss was ($149.6) million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Alignment Healthcare, Inc. reported the three months ending March 31, 2023 and the fiscal year ending December 31, 2023 results: revenue $429 $434 $1,705 $1,730. Guidance initiated.
- Period
- the three months ending March 31, 2023 and the fiscal year ending December 31, 2023
- Revenue
- $429 $434 $1,705 $1,730
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Revenue $429 $434 $1,705 $1,730 Adjusted Gross Profit 1 $38 $41 $205 $217 Adjusted EBITDA 2 ($17) ($14) ($34) ($20)
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Alignment Healthcare, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $361.8 million, net income ($57.0) million.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $361.8 million
- Net income
- ($57.0) million
- Result
- reported results
Exact text from the filing
Total revenue was $361.8 million, up 21.3% year over year Health plan premium revenue of $344.9 million represented 21.5% growth year over year Adjusted gross profit was $38.3 million and loss from operations was ($52.1) million Adjusted gross profit excludes depreciation and amortization of $4.8 million and selling, general, and administrative expenses of $83.2 million (which includes $20.5 million of equity-based compensation). Adjusted gross profit also excludes an additional $2.4 million of equity-based compensation recorded within medical expenses Medical benefits ratio based on adjusted gross profit was 89.4% Adjusted EBITDA was ($23.7) million and net loss was ($57.0) million
View on SEC.gov
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