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American Well Corporation  (AMWL)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $0.8679 $-0.02 -2.516%
Day's High: $0.9099 Week Perf: -4.63 %
Day's Low: $ 0.84 30 Day Perf: -33.75 %
Volume (M): 1,999 52 Wk High: $ 2.74
Volume (M$): $ 1,735 52 Wk Avg: $1.60
Open: $0.89 52 Wk Low: $0.84



 Market Capitalization (Millions $) 248
 Shares Outstanding (Millions) 286
 Employees 800
 Revenues (TTM) (Millions $) 268
 Net Income (TTM) (Millions $) -691
 Cash Flow (TTM) (Millions $) -13
 Capital Exp. (TTM) (Millions $) 24

American Well Corporation
American Well Corporation is a leading telehealth company that allows patients access to medical professionals anytime, anywhere using digital platforms. Founded in 2006 by Ido Schoenberg and Roy Schoenberg, American Well is headquartered in Boston, Massachusetts.

American Well offers a variety of telehealth solutions for healthcare providers, insurer networks, and other healthcare organizations. Its telehealth platform, known as Amwell, provides video visits, telepsychiatry, and care management, allowing patients to connect with doctors, therapists, and other medical professionals. For healthcare providers, Amwell offers a flexible and secure platform that enables virtual visits, online scheduling, and electronic medical records (EMRs).

The platform also includes a mobile app that patients can use to connect with healthcare providers remotely. The app is available on both iOS and Android platforms and offers various features, including secure messaging, prescription refills, and access to medical records.

American Well has partnerships with over 250 health systems, including some of the most prominent in the country. Its platform is used by insurers, employers, and hospitals to improve patient access to healthcare while reducing costs.

In addition to its telehealth services, American Well also offers digital health solutions such as remote monitoring and telehealth kiosks. It has also launched a COVID-19 response program that allows patients to access virtual visits to screen for COVID-19 symptoms and connect with medical professionals for further evaluation.

Overall, American Well Corporation is a pioneer in telehealth technologies that enable healthcare providers and patients to access medical care and services remotely. Its Amwell platform is scalable and flexible, making it ideal for small and large healthcare organizations alike. The company is committed to advancing telehealth and improving access to healthcare for all.


   Company Address: 75 State Street Boston 2109 MA
   Company Phone Number: 204-3500   Stock Exchange / Ticker: NYSE AMWL
   


   

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American Well Corporation

American Well Corporation Faces Increasing Losses and Declining Revenue in Third Quarter of 2023 Earnings Season



American Well Corporation, a prominent player in the Professional Services sector, has recently released its financial results for the third quarter of 2023. The figures presented paint a concerning picture, as the company experienced an increase in losses per share compared to the previous year and the prior reporting season. Additionally, revenue has witnessed a significant decrease both year-on-year and sequentially. As we delve deeper into these financial results, we explore the potential impacts on American Well Corporation's future trajectory.
Rising Losses and Declining Revenue:
In the third quarter of 2023, American Well Corporation reported a loss per share of $-0.48, a notable increase from the loss of $-0.25 per share in the same period a year ago. Moreover, the loss grew from $-0.33 per share from the prior reporting season. This indicates that the company faced significant financial challenges, struggling to control expenses and generate profits. To overcome these hurdles, American Well Corporation needs to formulate effective strategies to reduce losses and enhance operational efficiency.

American Well Corporation

American Well Corporation Reports Slight Revenue Decline in Q2 2023 Amid Increased Losses

Lower revenue in the financial second quarter of 2023 has resulted in losses for American Well Corporation. Revenue decreased by -3.207% to $62.45 million compared to the previous year. The shortfall per share also increased to $-0.33, up from $-0.25 per share in the same reporting period a year before. However, when compared to the preceding reporting period, revenue decreased by -2.428% from $64.00 million, while earnings per share improved from $-1.42 per share.
The net shortfall for the financial second quarter of 2023 was $-93.515 million, higher than the $-69.652 million reported a year ago. Another notable observation is the increase in inventories, which reached $8.5 million, higher than both the preceding quarter and the corresponding quarter from the previous year. On the other hand, accounts receivable declined to $48.4 million compared to the previous quarter, but it is still higher than the same period a year ago.

American Well Corporation

American Well Corporation Faces Significant Challenges as Cumulative Net Loss Reaches $-600 Million in Q1 2023 Earnings

American Well Corporation Reports Cumulative Net Loss of $-600 Million in Q1 2023
American Well Corporation, a leading telemedicine company, has reported a cumulative net loss of $-600 million during the first quarter of 2023. This resulted in a negative return on investment (ROI) of -56.8%, which is lower than other companies in the services sector.
According to reports, the company's depleting orders led to losses in Q1 2023, with revenue falling by -0.36% to $64.00 million. The loss per share was at $-1.42 compared to $-0.26 per share during the reporting season a year ago.






 

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