NASDAQ$ALHC

Alignment Healthcare Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Alignment Healthcare's first quarter results demonstrated the strength and resilience of their Medicare Advantage platform, reflecting a commitment to delivering exceptional care while effectively managing medical costs.

Alignment Healthcare reported strong first quarter results, driven by their Medicare Advantage platform and effective cost management. The company met or exceeded expectations across membership, revenue, adjusted gross profit, and adjusted EBITDA, setting a solid foundation for achieving their full-year outlook.

  • First quarter results reflect the strength and resilience of the Medicare Advantage platform.
  • The company is committed to delivering exceptional care while effectively managing medical costs.
  • Advanced technology integration with effective clinical oversight contributed to exceeding expectations.
  • A solid foundation has been set for achieving the full-year outlook.

Headline financials

Total Revenue

$629M

Previous: $439M+43.1%
EPS

-$0.25

Previous: -$0.20-25.0%
Adjusted gross profit

$57.3M

No prior period
Adjusted EBITDA

-$12M

No prior period
Capital Expenditures

-$11.1M

Previous: $7.29M-252.7%
Free Cash Flow

-$57.6M

Previous: -$37.3M-54.6%
Net Income

-$46.5M

Previous: -$37.3M-24.8%
Operating Income

-$41.1M

Previous: -$32.5M-26.5%
Gross Profit

$629M

Previous: $439M+43.1%
Cash & Equivalents

$239M

Previous: $384M-37.8%
Total Assets

$633M

Previous: $762M-16.9%
Stock-Based Comp

$20.9M

Previous: $22M-5.1%

Revenue & EPS history

Alignment Healthcare · Revenue · Quarterly

$629M

Q1 2024+43.1%vs Q1 2023
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 company provided financial outlook for the second quarter ending June 30, 2024 and year ending December 31, 2024.

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 2024

Historical avgQ1 2024

+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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