earnings
confidence high
sentiment negative
materiality 0.75
Amwell Q1 revenue up 11% to $64.2M; net loss widens to $70.3M vs $39.8M
American Well Corp
2023-Q1 EPS reported
-$0.26
revenue$64,232,000
- Revenue $64.2M (+11% YoY); subscription $28.7M, visit $30.7M.
- Gross margin improved to 42.8% from 38.0%.
- Net loss ($70.3M) vs ($39.8M); Adjusted EBITDA ($47.1M) vs ($26.4M).
- Active providers ~102,000; visits ~1.8M, both up sequentially.
- Reiterates FY2022 guidance: revenue $275-$285M; Adj. EBITDA ($200M)-($190M).