Amwell Q4 revenue $79.2M (+9% YoY); full-year net loss widens to $272.1M; 2023 guidance below 2022 revenue

American Well Corp

2022-FY EPS reported -$0.99 revenue$277,190,000

Q4 2022 revenue $79.2M, up 9% YoY; subscription revenue $30.7M, AMG visit revenue $35.1M.
Q4 net loss ($61.6M) improved from ($70.6M) in Q3 2022; adjusted EBITDA ($43.4M).
Full-year 2022 revenue $277.2M (+10% YoY); net loss $272.1M vs $176.8M in 2021.
Full-year adjusted EBITDA ($175.3M) vs ($122.7M) in 2021; cash and securities $538.5M.
2023 outlook: revenue $275-285M, AMG visits 1.45-1.65M, adjusted EBITDA ($150)-($160)M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

American Well Corp reported the full year ended December 31, 2022 results: revenue $277.2 million, net income $272.1 million. Guidance initiated.

Period: the full year ended December 31, 2022
Revenue: $277.2 million
Net income: $272.1 million
Guidance: initiated
Result: reported results

Exact text from the filing

Total Revenue grew 10% to $277.2 million, compared to $252.8 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

American Well Corp reported the fourth quarter ended December 31, 2022 results: revenue $79.2 million, net income ($61.6) million. Guidance initiated.

Period: the fourth quarter ended December 31, 2022
Revenue: $79.2 million
Net income: ($61.6) million
Guidance: initiated
Result: reported results

Exact text from the filing

Recorded total revenue of $79.2 million in the fourth quarter of 2022, representing 9% growth compared to $72.8 million in the fourth quarter of 2021

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Source: SEC EDGAR

accession 0000950170-23-003787

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