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.
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