Forbes August 4, 2022
Alignment Healthcare reported an $11.5 million loss in its second quarter as the startup provider of privatized Medicare Advantage coverage continues to grow.
Alignment’s loss of $11.58 million, or 6 cents a share, compared to $44.7 million, or 25 cents in the year-ago period. Meanwhile, total revenue was up nearly 19% to $366.5 million in the second quarter ended June 30 compared to $308.9 million a year ago as the company continues to grow in the competitive business of providing health benefits to U.S. seniors.
“Alignment Healthcare’s strong performance in the second quarter showcases the replicability of our model and resulted in one of our best quarters since taking the company public,” Alignment Healthcare founder and chief executive John Kao...
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