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Jun 30, 2023
American Well Q2 2023 Earnings Report
Announced results for the second quarter of 2023.
Key Takeaways
Amwell reported a revenue of $62.4 million for Q2 2023. The company's net loss was $93.5 million, which included non-cash goodwill impairment charges of $27.3 million. Adjusted EBITDA was ($45.3) million. Total visits were 1.5 million, with 43% of visits on Converge.
Total Revenue of $62.4 million.
Subscription revenue of $28.0 million.
AMG Visit revenue of $28.1 million.
Net loss was ($93.5) million, which included non-cash goodwill impairment charges of $27.3 million.
Revenue by Segment
Forward Guidance
The Company revised its guidance, which calls for Revenue in the range of $257 to $263 million, AMG visits between 1.525 and 1.575 million, and An Adjusted EBITDA range of between ($160) million to ($165) million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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