Alignment Healthcare, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 04:15 pm EDT
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Alignment Healthcare, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 462.38 million compared to USD 366.47 million a year ago. Net loss was USD 28.48 million compared to USD 11.58 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.06 a year ago.
For the six months, revenue was USD 901.53 million compared to USD 712 million a year ago. Net loss was USD 65.76 million compared to USD 52.4 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to USD 0.29 a year ago.
Alignment Healthcare, Inc. provides a consumer-centric health care platform that is built to provide seniors with healthcare services. The Company's operations consist of Medicare Advantage Plans in the states of California, North Carolina, Nevada, Arizona, Florida and Texas. Its consumer brand name, Alignment Health, offers more than 50 Medicare Advantage plans that serve 53 counties across six states. It partners with nationally recognized and local providers to deliver coordinated care, powered by its customized care model, 24/7 concierge care team and purpose-built technology, Alignment's Virtual Application (AVA). AVA is designed specifically for senior care and provides end-to-end coordination of the healthcare ecosystem. AVA's suite of tools and services is built within a unified data architecture. Medicare Advantage plans are direct-to-consumer and provide a single point of care delivery for hospital insurance benefits, outpatient services and often prescription drug coverage.
ALIGNMENT HEALTHCARE, INC. 
