NASDAQ$ALHC

Alignment Healthcare Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Alignment Healthcare reported strong performance across its markets, exceeding guidance on key metrics.

Alignment Healthcare reported strong first-quarter results, exceeding guidance on membership, revenue, adjusted gross profit, and adjusted EBITDA. The company is focused on clinical excellence and member experience.

  • First quarter results demonstrated robust performance across markets.
  • Guidance was exceeded on four key metrics: membership, revenue, adjusted gross profit and adjusted EBITDA.
  • Clinical excellence is at the center of the member experience.
  • Employees are committed to service.

Headline financials

Total Revenue

$439M

Previous: $346M+27.1%
EPS (adj)

-$0.20

Previous: -$0.23+13.0%
Capital Expenditures

$7.29M

No prior period
Free Cash Flow

-$37.3M

Previous: -$40.8M+8.7%
Net Income

-$37.3M

Previous: -$40.8M+8.7%
Operating Income

-$32.5M

Previous: -$36.5M+10.9%
Gross Profit

$439M

Previous: $346M+27.1%
Cash & Equivalents

$384M

Previous: $449M-14.4%
Total Assets

$762M

Previous: $647M+17.8%
Stock-Based Comp

$22M

Previous: $28M-21.6%

Revenue & EPS history

Alignment Healthcare · Revenue · Quarterly

$439M

Q1 2023+27.1%vs Q1 2022
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Alignment Healthcare · $265M total across 2 segments · Q1 2021

  • Earned premiums
    $265M+18.0%
  • Other revenue
    $82K

Forward guidance

The release contains forward-looking statements regarding future growth and financial outlook for the quarter ending June 30, 2023, and year ending December 31, 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+1.8%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+2.6%

Avg return

30 days after

57%

12 / 21 earnings

Positive

+27.0%

Q1 2024

Best reaction

-16.4%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.8%-15.7%-29.5%
Q4 2025-5.8%-7.5%-18.6%
Q3 2025-1.9%-0.4%+12.2%
Q1 2025-7.7%-7.5%-8.3%
Q4 2024+16.5%+17.4%+35.9%
Q3 2024+1.6%+12.2%+11.2%
Q2 2024+2.3%+4.9%+3.1%
Q1 2024+27.0%+31.6%+51.0%
Q4 2023-8.9%-9.2%-20.1%
Q3 2023-9.6%-7.2%+10.5%
Q2 2023+7.5%+10.5%-4.2%
Q1 2023+3.5%+11.3%-5.1%
Q4 2022-16.4%-20.9%-35.2%
Q3 2022-3.1%-3.3%-2.7%
Q2 2022+10.4%+4.3%-8.7%
Q1 2022-7.0%-18.8%+6.8%
Q4 2021+10.7%+8.0%+39.7%
Q3 2021+10.6%+6.1%-26.7%
Q2 2021-8.5%-4.8%-11.2%
Q1 2021+6.8%+13.3%+27.6%
Q4 2020+6.8%+13.3%+27.6%
Q3 2020
Q2 2020
Q1 2020

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