ALHC - Alignment Healthcare EPS misses by $0.18 beats on revenue
Alignment Healthcare (ALHC): Q1 GAAP EPS of -$0.37 misses by $0.18.Revenue of $267.08M (+18.9% Y/Y) beats by $16.17M.Health plan membership at the end of the quarter was approximately 83,100, up 32% year over year.Medical benefit ratio was 91.5%Adjusted gross profit was $22.6 millionAdjusted EBITDA was $(14.0) millionAs of March 31, 2021, total cash was $528.4 million. Debt was $150.9 million; debt net of debt issuance cost amortization was $145.7 million.Q2 2021 Outlook: Health Plan Membership 83,300-83,700; Revenue $265-270M; Adjusted Gross Profit $32-34M; Adjusted EBITDA $(9)-(10).Press Release
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Alignment Healthcare EPS misses by $0.18, beats on revenue