- American Well ( NYSE: AMWL ) is down 10% in after-hours trading after announcing a 2023 revenue estimate range well below the consensus estimate and non-GAAP EPS that missed expectations.
- The virtual care solutions company is projecting revenue of $275M-$285M ($318.77M consensus).
- On the positive side, Q4 2022 results did beat on revenue .
- In 2022, American Well's net loss widened 54% compared to 2021 to ~$272.1M.
- The company ended 2022 with cash and cash equivalents of ~$538.5M, a 28% decline from the end of 2021.
- Read why Seeking Alpha contributor Donovan Jones rates Amwell ( AMWL ) a hold.
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American Well down 10% following 2023 revenue guidance, Q4 2022 EPS miss