secwatch.observer — SEC 8-K summary
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Issuer:     American Well Corp (AMWL)
CIK:        0001393584
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000950170-23-017192
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amwell Q1 revenue $64M; net loss $398.5M with $330.3M goodwill impairment
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- Revenue $64.0M (subscription $28.7M, AMG visits $32.5M); gross margin 39.5%.
- Net loss ($398.5M) vs ($61.6M) in Q4 2022; includes $330.3M non-cash goodwill impairment.
- Adjusted EBITDA ($44.6M) vs ($43.4M) in prior quarter.
- Total visits 1.7M; Converge platform visits grew to 36% of total (from 28% in Q4 2022).
- FY 2023 guidance reaffirmed: revenue $275-285M, Adj. EBITDA ($150M)-($160M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393584/000095017023017192/0000950170-23-017192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393584/000095017023017192/amwl-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017192

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer