secwatch.observer — SEC 8-K summary
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Issuer:     American Well Corp (AMWL)
CIK:        0001393584
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000950170-23-057440
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amwell Q3 revenue $61.9M, net loss $137.1M includes $78.9M goodwill impairment; guidance revised
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- Revenue $61.9M (subscription $28.4M, AMG visit revenue $26.7M); gross margin 35%.
- Net loss $137.1M vs. $93.5M in Q2 2023, primarily from $78.9M non-cash goodwill impairment.
- Adjusted EBITDA improved to ($38.5M) from ($45.3M) in Q2; cash and short-term securities $418.1M.
- Total visits 1.4M; Converge platform visits reached 50% of total vs. 43% in Q2.
- 2023 guidance: revenue $257-263M; Adjusted EBITDA now ($162M) to ($167M), reflecting Defense Health Agency win investment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393584/000095017023057440/0000950170-23-057440-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393584/000095017023057440/amwl-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-057440

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