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Dec 31, 2020
American Well Q4 2020 Earnings Report
Announced strong financial results with revenue increase and significant visit growth.
Key Takeaways
Amwell reported a strong Q4 2020, marked by a 34% increase in revenue to $60.4 million and a 300% increase in total visits to 1.6 million. The company highlighted the rapid evolution of telehealth, driven by the pandemic, into a mission-critical digital care delivery infrastructure. Amwell is accelerating investments in its technology platform to meet the post-pandemic market's demand for comprehensive telehealth solutions.
Total year-end active providers increased to approximately 72,000, a 950% increase year-over-year.
Q4 total visits increased by 300% to 1.6 million compared to the previous year.
Q4 revenue increased by 34% to $60.4 million.
Full year revenue increased by 65% to $245.3 million.
Revenue by Segment
Forward Guidance
The company provided its initial outlook for 2021, expecting revenue between $260 and $270 million, AMG visits between 1.5 and 1.7 million, and Adjusted EBITDA between ($157) million and ($147) million.
Positive Outlook
- Revenue between $260 and $270 million
- AMG visits between 1.5 and 1.7 million
Challenges Ahead
- Adjusted EBITDA between ($157) million and ($147) 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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