Alignment Healthcare Q1 revenue $628.6M (+43.1% YoY); membership up 50.5% to 165,100

Alignment Healthcare, Inc.

2024-Q1 EPS reported -$0.25 revenue$628,601,000

Revenue ex-ACO REACH $627.6M, up 54.2% YoY; medical benefits ratio 90.9%.
Adjusted gross profit $57.3M; net loss $(46.6)M; adjusted EBITDA $(12.0)M.
Raises FY2024 membership outlook to 170,000-172,000; revenue guidance $2.495-$2.525B.
FY2024 adjusted EBITDA guidance narrowed to $(12)M-$12M from prior range.
CEO cites strong execution; Q2 revenue projected $625-$635M.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alignment Healthcare, Inc. reported first quarter ended March 31, 2024 results: revenue $628.6 million, net income $(46.6) million. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $628.6 million
Net income: $(46.6) million
Guidance: raised
Result: reported results

Exact text from the filing

in such filing. --- EX-99.1 (PRESS RELEASE) --- EX-99.1 2 exh_991.htm PRESS RELEASE EdgarFiling EXHIBIT 99.1 Alignment Healthcare Reports First Quarter 2024 Results Reports $628.6 million in total revenue and $627.6 million in revenue excluding ACO REACH, up 43.1% and 54.2% y ear-over-year respectively Medicare Advantage membership grows 50.5% year-over-year to

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Alignment Healthcare, Inc. filing history →

Source: SEC EDGAR

accession 0001171843-24-002487

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