secwatch.observer — SEC 8-K summary
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Issuer:     American Well Corp (AMWL)
CIK:        0001393584
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0000950170-24-015232
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amwell Q4 revenue $70.7M; net loss narrows to $50M; guides to 2026 EBITDA breakeven
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- Q4 2023 total revenue $70.7M (subscription $27.3M, AMG visits $32.1M); gross margin 34%.
- Q4 net loss $50.0M vs Q3 $137.1M (Q3 included $78.9M goodwill impairment); adjusted EBITDA -$36.9M.
- Full-year 2023 revenue $259M; net loss $679.2M (includes $436.5M goodwill impairment); adj. EBITDA -$165.4M.
- FY2024 guidance: revenue $259-269M, AMG visits 1.6-1.7M, adj. EBITDA -$160M to -$155M.
- Preliminary FY2025: revenue $335-350M, adj. EBITDA -$45M to -$35M; target adj. EBITDA breakeven by 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393584/000095017024015232/0000950170-24-015232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393584/000095017024015232/amwl-20240214.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-015232

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