secwatch.observer — SEC 8-K summary
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Issuer:     American Well Corp (AMWL)
CIK:        0001393584
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000950170-23-037175
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amwell Q2 revenue $62.4M, net loss $93.5M; cuts FY revenue guidance to $257-263M
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- Revenue $62.4M ($28.0M subscription, $28.1M AMG visits); gross margin 39%.
- Net loss $93.5M includes $27.3M non-cash goodwill impairment; Adj. EBITDA ($45.3M).
- FY 2023 revenue guidance cut to $257-263M from $275-285M; Adj. EBITDA now ($160)-($165)M.
- Total visits 1.5M; Converge platform visits grew to 43% of total from 36% Q1.
- Cash and short-term securities $458.7M at quarter-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393584/000095017023037175/0000950170-23-037175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393584/000095017023037175/amwl-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037175

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