NYSE$AMWL

American Well Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced results with revenue growth and strategic platform development.

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.

Headline financials

Total Revenue

$79.2M

Previous: $72.8M+8.9%
EPS (adj)

-$4.40

Previous: -$3.60-22.2%
Total Visits

1.7M

Previous: 1.5M+13.3%
Gross Margin

42.4%

Previous: 39.9%+6.3%
Capital Expenditures

$290K

Previous: $338K-14.2%
Free Cash Flow

-$36.2M

Previous: -$45.3M+19.9%
Net Income

-$61.6M

Previous: -$47.9M-28.6%
Operating Income

-$64.8M

Previous: -$47.4M-36.7%
Gross Profit

$33.6M

Previous: $29M+16.0%
Cash & Equivalents

$539M

Previous: $746M-27.8%
Total Assets

$1.22B

Previous: $1.45B-15.8%
Stock-Based Comp

$19.3M

Previous: $12.1M+59.8%

Revenue & EPS history

American Well · Revenue · Quarterly

$79.2M

Q4 2022+8.9%vs Q4 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

American Well · $28.4M total across 1 segment · Q3 2023

  • Subscription Revenue
    $28.4M-11.0%

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.

Tailwinds

  • Revenue between $275 and $285 million
  • AMG visits between 1.45 and 1.65 million

Headwinds

  • Adjusted EBITDA between ($150) and ($160) 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 2022

Historical avgQ4 2022

+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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