Amwell Q2 revenue $64.5M (+7% YoY); adjusted EBITDA loss narrows to $42.8M

American Well Corp

2022-Q2 EPS reported -$0.51 revenue$128,748,000

Revenue $64.5M (+7% YoY); subscription $29.6M (+10%), AMG visits $29.7M (+8%).
Adjusted EBITDA loss of $42.8M improved from $47.1M in Q1 2022.
Active providers 103,500 (+46% YoY); total visits 1.5M (+19% YoY).
Cash and short-term securities $630.1M as of June 30, 2022.
Reiterates FY2022 outlook: revenue $275-285M, adjusted EBITDA ($200M)-($190M).

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