NYSE$AMWL

American Well Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

American Well reported Q4 2021 financial results, showing increased revenue and active providers.

American Well's Q4 2021 saw a revenue increase to $72.8 million compared to $60.4 million in the same period last year. The company's active providers reached approximately 91,000. However, the net loss remained significant at ($47.9) million.

  • Total revenue increased to $72.8 million from $60.4 million year-over-year.
  • Subscription revenue rose to $30.1 million, up from $26.3 million.
  • Visit revenue increased to $31.2 million compared to $26.2 million.
  • Total active providers reached approximately 91,000, up from approximately 80,000 last quarter.

Headline financials

Total Revenue

$72.8M

Previous: $60.4M+20.4%
EPS (adj)

-$3.60

Previous: -$10.20+64.7%
Total Visits

1.5M

Previous: 1.6M-6.3%
Gross Margin

39.9%

Previous: 37.4%+6.7%
Capital Expenditures

$338K

Previous: $57K+493.0%
Free Cash Flow

-$45.3M

Previous: -$24.6M-84.1%
Net Income

-$47.9M

Previous: -$50.6M+5.3%
Operating Income

-$47.4M

Previous: -$50.6M+6.3%
Gross Profit

$29M

Previous: $22.6M+28.2%
Cash & Equivalents

$746M

Previous: $942M-20.7%
Total Assets

$1.45B

Previous: $1.38B+5.0%
Stock-Based Comp

$12.1M

Previous: $11.8M+1.8%

Revenue & EPS history

American Well · Revenue · Quarterly

$72.8M

Q4 2021+20.4%vs Q4 2020
Beat estimate in 5 of 9 quarters(56%)
ActualEstimate

Revenue by segment

American Well · $61.3M total across 2 segments · Q4 2021

  • AMG Visit Revenue
    $31.2M+19.1%
  • Subscription Revenue
    $30.1M+14.4%

Forward guidance

The Company is providing the initial outlook for 2022 and expects revenue between $275 and $285 million, AMG visits between 1.4 and 1.5 million, and Adjusted EBITDA between ($200) million and ($190) million.

Tailwinds

  • Revenue between $275 and $285 million
  • AMG visits between 1.4 and 1.5 million

Headwinds

  • Adjusted EBITDA between ($200) million and ($190) million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+1.4%

Avg return

Earnings day

+2.1%

Avg return

5 days after

-2.2%

Avg return

30 days after

41%

9 / 22 earnings

Positive

+33.8%

Q2 2024

Best reaction

-20.9%

Q1 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%+27.2%+34.0%
Q4 2025+24.7%+34.9%+29.8%
Q3 2025-9.5%-20.0%-20.6%
Q1 2025+19.7%+9.5%+8.9%
Q4 2024-5.0%-3.6%-35.5%
Q3 2024-5.0%-5.4%-0.7%
Q2 2024+33.8%+13.9%-1.1%
Q1 2024+2.0%+11.4%-16.3%
Q4 2023+23.6%+20.8%-16.0%
Q3 2023+14.5%+4.3%+11.1%
Q2 2023-8.3%-13.9%-35.2%
Q1 2023-3.9%-2.9%+17.9%
Q4 2022-13.1%-19.2%-37.3%
Q3 2022-2.2%+14.9%-8.3%
Q2 2022+9.2%+6.8%-4.8%
Q1 2022-10.8%+8.8%+37.6%
Q4 2021+7.2%+1.0%-8.0%
Q3 2021-7.4%-3.7%-29.7%
Q2 2021+0.7%-1.7%+0.8%
Q1 2021-20.9%-5.7%+9.5%
Q4 2020-4.1%-10.8%-1.5%
Q3 2020-11.9%-19.8%+17.1%
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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