Amwell Q2 2024 revenue $62.8M, net loss $49.9M; narrows FY adjusted EBITDA loss guidance

American Well Corp

2024-Q2 EPS reported -$8.28 revenue$122,312,000

Total revenue $62.8M, subscription $27.5M, AMG visit revenue $28.7M; gross margin 37%.
Net loss $49.9M vs $73.4M in Q1; adjusted EBITDA -$35.0M vs -$45.7M sequentially.
Total visits 1.5M, ~70% on Converge platform.
FY 2024 adjusted EBITDA guidance improved to ($150M-$145M) from ($160M-$155M); revenue reaffirmed at $259-269M.

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