secwatch.observer — SEC 8-K summary
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Issuer:     American Well Corp (AMWL)
CIK:        0001393584
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000950170-24-118987
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amwell Q3 2024: Revenue $61M, net loss $44M; guidance cut on revenue and visits, EBITDA outlook narrowed
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- Q3 revenue $61.0M (subscription $26.2M, AMG visit revenue $27.5M); gross margin 37%.
- Net loss ($44.0M) vs ($49.9M) in Q2; Adjusted EBITDA ($31.0M) vs ($35.0M) in Q2.
- Total visits 1.4M, ~70% on Converge platform.
- FY2024 guidance revised: revenue $247-252M (from $259-269M); AMG visits 1.4-1.5M (from 1.6-1.7M).
- Adjusted EBITDA guidance improved to ($137)-($142)M from ($150)-($145)M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393584/000095017024118987/0000950170-24-118987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393584/000095017024118987/amwl-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-118987

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