secwatch.observer — SEC 8-K summary
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Issuer:     American Well Corp (AMWL)
CIK:        0001393584
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000950170-24-051284
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amwell Q1 2024 revenue $59.5M, net loss widens to $73.4M; guides 2025 rev $335-350M
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- Q1 revenue of $59.5M (subscription $24.9M, AMG visit revenue $31.1M); gross margin 31%.
- Net loss $73.4M vs $50.0M in Q4 2023; adjusted EBITDA loss $45.7M vs $36.9M.
- Total visits 1.7M; 68% on Converge platform; key MHS deployment milestone noted.
- Reiterates 2024 guidance: rev $259-269M, adj EBITDA loss $160-155M.
- Preliminary 2025 view: rev $335-350M, adj EBITDA loss $45-35M; targeting breakeven in 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393584/000095017024051284/0000950170-24-051284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393584/000095017024051284/amwl-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-051284

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