Shares of Alignment Healthcare, Inc. (ALHC) surged 10.76% in pre-market trading on Friday, following the company's stellar Q4 2024 earnings report and promising outlook for 2025.
Alignment Healthcare reported a record 59% year-over-year increase in health plan membership, reaching 189,100 members. This strong growth was accompanied by a 51% rise in Q4 2024 revenue to $701 million and a 48% increase in full-year 2024 revenue to $2.7 billion.
Notably, the company achieved its first year of adjusted EBITDA profitability as a public company, reporting a positive adjusted EBITDA of $1 million. This milestone, combined with Alignment's robust membership growth and revenue expansion, set a solid foundation for the company's future performance.
Looking ahead, Alignment Healthcare provided an upbeat outlook for 2025, guiding for revenue between $3.72 billion and $3.78 billion, adjusted gross profit of $415 million to $445 million, and adjusted EBITDA of $35 million to $60 million. These projections, coupled with the company's strong execution and strategic focus on expanding its footprint, position Alignment Healthcare as a formidable player in the rapidly evolving healthcare landscape.
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