Stock Track | Alignment Healthcare Soars 11.36% Pre-Market on Record Membership Growth, Revenue Surge, and Upbeat 2025 Outlook

Stock Track02-28

Alignment Healthcare, Inc. (ALHC) witnessed a substantial surge of 11.36% in pre-market trading on Friday, following the company's impressive Q4 2024 and full-year 2024 financial results, coupled with a promising outlook for 2025.

The healthcare provider reported a record 59% year-over-year increase in its health plan membership, reaching 189,100 members. This robust growth was accompanied by a 51% year-over-year rise in Q4 2024 revenue to $701 million and a 48% increase in full-year 2024 revenue to $2.7 billion.

Notably, Alignment Healthcare achieved a significant milestone by reporting its first year of positive adjusted EBITDA as a public company, underscoring its operational efficiency and profitability improvements. The company's strong performance and strategic execution set the stage for an optimistic outlook for the upcoming year.

For 2025, Alignment Healthcare provided upbeat guidance, projecting 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 robust projections, coupled with the company's continued focus on expanding its footprint and enhancing its service offerings, have fueled investor confidence, driving the significant pre-market stock surge.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment