Alignment Healthcare beats Q2 guidance; revenue up 26% to $462.4M, members +17%

Alignment Healthcare, Inc.

2023-Q2 EPS reported -$0.36 revenue$901,534,000

Revenue $462.4M (+26.2% YoY); health plan premium revenue $424.7M (+21% YoY).
Medicare Advantage membership ~112,200, up 17% YoY; net loss ($28.5M) vs ($11.6M) YoY.
Adjusted gross profit $53.6M; adjusted EBITDA ($2.1M); medical benefit ratio 88.4%.
Q3 guidance: revenue $440-445M; FY 2023 revenue $1.76-1.785B; adjusted EBITDA ($34)-($20)M.
CEO says company beat outlook across all four critical KPIs: membership, revenue, adjusted gross profit, adjusted EBITDA.

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 its second quarter ended June 30, 2023 results: revenue $462.4 million, net income $(28.5) million. Guidance reaffirmed.

Period: its second quarter ended June 30, 2023
Revenue: $462.4 million
Net income: $(28.5) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

--- EX-99.1 2 exh_991.htm PRESS RELEASE EdgarFiling EXHIBIT 99.1 Alignment Healthcare Reports Second Quarter 2023 Results; Beats Outlook Across All Four Critical KPIs Reports $462.4 million in total revenue, up 26.2% year-over-year Medicare Advantage enrollment increases to approximately 112,200 members, up 17% year-over-year ORANGE, Calif., Aug. 03, 2023 (GLOBE

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Source: SEC EDGAR

accession 0001171843-23-004974

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