secwatch.observer — SEC 8-K summary
======================================

Issuer:     American Well Corp (AMWL)
CIK:        0001393584
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001193125-21-325987
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amwell Q3 revenue $62.2M, net loss improves to $50.9M; guides 2021 revenue lower, EBITDA higher
--------------------------------------------------------------------------------

- Revenue $62.2M vs $62.6M YoY; subscription revenue $26.7M (+3.5%), visit revenue $30.0M (+5.3%).
- Gross margin 43.5% vs 32.7% YoY; net loss ($50.9M) vs ($64.6M); Adj. EBITDA loss ($31.5M) vs ($26.2M).
- Total visits ~1.4M (up from 1.3M Q2); active providers ~80,000 (vs 71,000 Q2, 62,000 YoY).
- Narrows 2021 revenue guidance to $246-253M from $252-262M; lowers EBITDA loss guidance to ($143)-($136)M from ($154)-($146)M.
- Converge platform development on track; added Conversa Health and SilverCloud Health capabilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393584/000119312521325987/0001193125-21-325987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393584/000119312521325987/d243099d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-325987

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