Alight Inc Stock Price, News & Analysis

Alight (NYSE: ALIT) reported strong first-quarter results for 2022, achieving a 5.2% increase in total revenue to $725 million. Employer Solutions revenue grew 6.1% due to acquisitions and net commercial activity. Business Process as a Service (BPaaS) revenue surged 22.6% to $114 million, with BPaaS bookings more than tripling to $122 million. The company reiterated its full-year outlook, targeting revenue growth of 6% to 7% and adjusted EBITDA of $650 million to $662 million.

Alight Solutions (NYSE: ALIT) will release its Q1 2022 earnings results on May 9, 2022, prior to market opening. A conference call is scheduled for 8:30 am ET on the same day, where management will discuss financial outcomes. The webcast will be accessible at the company's investor relations website (investor.alight.com). A replay of the call will be available until May 23, 2022. Alight serves over 30 million employees and family members worldwide, utilizing AI and data analytics to enhance business processes.

Alight Solutions has announced an upgrade to its Alight Worklife platform, enhancing personalized user experience through AI and innovative design. This update focuses on addressing employee challenges related to mental, physical, and financial wellbeing amidst a competitive labor market.

The update features an enhanced chatbot, improved design accessibility, personalized insights, and streamlined user journeys. These changes aim to increase engagement and support over 30 million users, helping employers better connect with their teams.

Alight (NYSE: ALIT) announced that CEO Stephan Scholl and CFO Katie Rooney will participate in a fireside chat at the Morgan Stanley Technology, Media and Telecom Conference on March 7, 2022, at 2:25 PM PST. The Company will also engage in one-on-one meetings with investors. A live webcast of the event will be available on the Investor Relations section of the Company's website, with a replay accessible until September 3, 2022. Alight specializes in integrated digital human capital solutions, serving over 30 million employees globally.

Alight (NYSE: ALIT) reported a 6.9% revenue growth for 2021, exceeding the initial 1% forecast. Their Business Process as a Service (BPaaS) bookings surged 52.4% to $602 million, surpassing the original goal of $395 million. Full-year BPaaS revenue grew 16.8% to $390 million. Alight projects a 2022 revenue outlook of $3.09 to $3.12 billion (a 6% to 7% increase) and EBITDA of $650 to $662 million, ahead of prior estimates. The company also improved its gross profit margin to 33.2% and reduced net loss significantly from $(103) million to $(73) million.

Alight (NYSE: ALIT) will release its fourth quarter 2021 earnings results before market open on February 23, 2022. A conference call will follow at 8:00 am ET the same day, with a webcast available online. The company offers integrated digital human capital and business solutions, serving over 30 million employees across various industries, including more than 70% of the Fortune 100. Investors can access the presentation at investor.alight.com.

Alight Solutions (NYSE: ALIT) is enhancing its healthcare navigation solution to improve employee benefits experiences. The updated offering integrates personalized support, analytics, and a robust data engine, fostering smarter health decisions. This solution is powered by a multi-disciplinary team and AI-based tools, simplifying healthcare engagement for employees.

Additionally, Bipin Mistry has been appointed as Chief Medical Officer to lead clinical guidance initiatives. Alight serves over 30 million individuals and partners with major organizations, aiming to drive substantial health outcomes.

Alight (NYSE: ALIT) announced that CEO Stephan Scholl and CFO Katie Rooney will present at the Cannae Holdings Portfolio Conference on December 8, 2021, at 11:00 AM PST. The Company will also engage in one-on-one and group meetings with investors during the conference on December 8 and 9. A live webcast of the event will be available on the Company’s website, with a replay accessible until March 8, 2022. Alight is a leading provider of digital human capital solutions, serving over 30 million employees and their families, and partnering with more than 70% of the Fortune 100.

Alight (NYSE: ALIT) announced the redemption of 15,133,333 Class C Units at a price of $0.10 per Unit, effective 5:00 p.m. New York City time on December 27, 2021. This follows a previous redemption of 44,499,941 Public Warrants on November 26, 2021. The Units can be exchanged for cash or Class A Common Stock, priced at $11.50 per Unit. Alight has met the performance target necessary for this redemption, with a Reference Value exceeding $10.00 per share. The remaining unexchanged Units post-Redemption Date will be void.