Alignment Healthcare Inc

ALHC

Equity

ISIN US01625V1044 / Valor 110387702

NASDAQ (2024-09-17)

USD 11.68+1.48%

Alignment Healthcare Inc
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About company

Alignment Healthcare Inc. is a healthcare company that provides Medicare Advantage plans and related services to seniors in the United States.

Summarized from source with an LLMView SourceSector: Healthcare

Total Revenue

Alignment Healthcare Inc. reported total revenue of $681.3 million for the second quarter of 2024, marking a significant increase of 47.3% compared to the same period in the previous year. This growth reflects the company's expanding market presence and successful strategies in the Medicare Advantage sector.

Medicare Advantage Membership

The company saw a substantial rise in its Medicare Advantage membership, which grew by 56.1% year-over-year to approximately 175,100 members by the end of the second quarter of 2024. This growth exceeded expectations and underscores the effectiveness of Alignment Healthcare Inc.'s member acquisition and retention efforts.

Adjusted Gross Profit

For the second quarter of 2024, Alignment Healthcare Inc. reported an adjusted gross profit of $76.8 million. This figure excludes depreciation, amortization, and certain administrative expenses, highlighting the company's operational efficiency and profitability improvements over the past year.

Net Loss

Despite the revenue growth, Alignment Healthcare Inc. recorded a net loss of $24.0 million for the second quarter of 2024. This loss includes various expenses such as interest, depreciation, and equity-based compensation, indicating areas where the company is investing for future growth.

Future Outlook

Looking ahead, Alignment Healthcare Inc. has increased its year-end membership and revenue guidance while maintaining its full-year adjusted gross profit and adjusted EBITDA guidance. The company projects continued growth and profitability improvements, positioning itself for a robust performance in 2025.

Summarized from source with an LLMView Source

Key figures

92.1%1Y

-37.6%3Y

%5Y

Performance

66.4%1Y

67.4%3Y

66.4%5Y

Volatility