Amwell reports Q3 revenue $69.2M, net loss $70.6M; narrows adjusted EBITDA guidance to ($180)M-($190)M

American Well Corp

2022-Q3 EPS reported -$0.77 revenue$197,957,000

Total revenue $69.2M, up 11% YoY; subscription revenue $31.9M, up 19% YoY.
Net loss of $70.6M, roughly flat vs Q2 2022's $69.7M net loss.
Adjusted EBITDA improved to ($41.9)M from ($42.8)M in Q2; FY2022 guidance narrowed to ($180)M-($190)M, $10M better.
Revenue expected at lower end of $275M-$285M range; AMG visits guided to 1.4-1.5 million; active providers up 23% to 98,500.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

American Well Corp updated its third quarter ended September 30, 2022 guidance (reaffirmed).

Period: third quarter ended September 30, 2022
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On November 7, 2022, American Well Corporation issued a press release announcing its financial results for the fiscal quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0000950170-22-022630

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