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Dec 31, 2022
American Well Q4 2022 Earnings Report
Announced results with revenue growth and strategic platform development.
Key Takeaways
Amwell reported a 9% increase in total revenue for Q4 2022 compared to Q4 2021, achieving $79.2 million. The company focused on the Converge platform and client migrations.
Total revenue reached $79.2 million, a 9% increase year-over-year.
Subscription revenue was $30.7 million.
AMG Visit revenue totaled $35.1 million.
Total visits increased by 10% to 1.7 million.
Forward Guidance
Amwell provided its initial outlook for 2023, expecting revenue between $275 and $285 million, AMG visits between 1.45 and 1.65 million, and Adjusted EBITDA between ($150) and ($160) million.
Positive Outlook
- Revenue between $275 and $285 million
- AMG visits between 1.45 and 1.65 million
Challenges Ahead
- Adjusted EBITDA between ($150) and ($160) million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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