Amwell (AMWL) Misses Q2 EPS by 11c; Offers FY23 Revenue Guidance

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Go back to Amwell (AMWL) Misses Q2 EPS by 11c; Offers FY23 Revenue Guidance

Amwell Announces Results for Second Quarter 2023

August 2, 2023 4:05 PM EDT

BOSTON--(BUSINESS WIRE)-- Amwell® (NYSE: AMWL), a leader in hybrid care enablement, today announced financial results for the second quarter ended June 30, 2023.

Amwell Second Quarter 2023 Highlights:

Recorded Total Revenue of $62.4 million Achieved subscription revenue of $28.0 million Recorded AMG Visit revenue of $28.1 million Reported gross margin of 39% Net loss was ($93.5) million, compared to ($398.5) million in first quarter of 2023. Net loss reflects non-cash goodwill impairment charges of $27.3 million recorded in the second quarter of 2023 and $330.3 million recorded in the first quarter of... More