- American Well press release ( NYSE: AMWL ): Q4 GAAP EPS of -$0.99 misses by $0.73 .
- Revenue of $79.2M (+8.8% Y/Y) beats by $1.15M .
- Achieved subscription revenue of $30.7 million
- Recorded AMG Visit revenue of $35.1 million
- Total active providers rose 11% to approximately 107,000 compared to 96,000 in the fourth quarter of 2021
- Total visits were 1.7 million, 10% higher than the fourth quarter of 2021
- Visits on Converge represented 28% of total visits for the fourth quarter of 2022
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The Company is providing the initial outlook for 2023 and expects:
- Revenue between $275 and $285 million vs. $318.77M consensus
- AMG visits between 1.45 and 1.65 million
- Adjusted EBITDA between ($150) and ($160) million
For further details see:
American Well GAAP EPS of -$0.99 misses by $0.73, revenue of $79.2M beats by $1.15M