earnings
confidence high
sentiment neutral
materiality 0.75
Alignment Healthcare Q1 revenue $439.2M (+27.1% YoY), membership 109,700, beats guidance on all KPIs
Alignment Healthcare, Inc.
2023-Q1 EPS reported
-$0.20
revenue$439,155,000
- Total revenue $439.2M, up 27.1% YoY; health plan premium revenue $399.7M (+20.8% YoY).
- Medicare Advantage membership ~109,700, up 16.5% YoY.
- Adjusted gross profit $45.4M (10.3% margin vs 13.0% YoY); medical benefit ratio 89.7% vs 87.0%.
- Net loss $37.4M; adjusted EBITDA loss $5.2M, improving from ($3.9M) YoY in absolute terms.
- Q2 guidance: revenue $433-$438M, adjusted gross profit $47-$50M; FY23 revenue $1.71-$1.735B.