secwatch.observer — SEC 8-K summary
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Issuer:     American Well Corp (AMWL)
CIK:        0001393584
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000950170-24-088603
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393584/000095017024088603/0000950170-24-088603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393584/000095017024088603/amwl-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-088603

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