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Mar 31, 2022
American Well Q1 2022 Earnings Report
Announced financial results, revealing revenue increase and progress in Converge platform development.
Key Takeaways
Amwell reported a revenue of $64.2 million for Q1 2022, compared to $57.6 million in Q1 2021. The company's gross margin was 42.8%, up from 38.0% in the same period last year. Net loss increased to ($70.3) million, compared to ($39.8) million in the prior year. The company is reiterating its 2022 revenue outlook between $275 and $285 million.
Total revenue increased to $64.2 million compared to $57.6 million.
Gross margin improved to 42.8% compared to 38.0%.
Total active providers reached approximately 102,000, a significant increase from 91,000 last quarter.
Total visits were approximately 1.8 million, up from approximately 1.5 million last quarter.
Revenue by Segment
Forward Guidance
The Company is reiterating the following outlook for 2022 and expects:
Positive Outlook
- Revenue between $275 and $285 million
- AMG visits between 1.4 and 1.5 million
Challenges Ahead
- Adjusted EBITDA between ($200) million and ($190) million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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