American Well Corp
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
AMWL$12.02-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | |||
| ($3,859, $4,544 and $12,045 from related parties, respectively) | $259,047 | $277,190 | $252,789 |
| Costs and operating expenses: | |||
| Costs of revenue, excluding depreciation and amortization of intangible assets | 164,287 | 160,422 | 148,474 |
| Research and development | 105,827 | 138,487 | 106,594 |
| Sales and marketing | 86,460 | 81,628 | 66,154 |
| General and administrative | 126,645 | 146,353 | 94,624 |
| Depreciation and amortization expense | 31,492 | 26,153 | 16,089 |
| Goodwill impairment | 436,479 | — | — |
| Total costs and operating expenses | 951,190 | 553,043 | 431,935 |
| Loss from operations | (692,143) | (275,853) | (179,146) |
| Interest income and other income (expense), net | 19,422 | 6,123 | 120 |
| Loss before benefit (expense) from income taxes and loss from equity method investment | (672,721) | (269,730) | (179,026) |
| (Expense) benefit from income taxes | (3,860) | (64) | 5,376 |
| Loss from equity method investment | (2,590) | (2,278) | (3,132) |
| Net loss | (679,171) | (272,072) | (176,782) |
| Net loss attributable to non-controlling interest | (4,007) | (1,643) | (448) |
| Net loss attributable to American Well Corporation | $(675,164) | $(270,429) | $(176,334) |
| Net loss per share attributable to common stockholders, basic and diluted | $(2.38) | $(0.99) | $(0.69) |
| Weighted-average common shares outstanding, basic and diluted | 284,256,743 | 274,249,749 | 254,068,942 |
| Net loss | $(679,171) | $(272,072) | $(176,782) |
| Other comprehensive income (loss), net of tax: | |||
| Unrealized loss on available-for-sale investments | — | — | (85) |
| Foreign currency translation | 1,319 | (10,616) | (6,565) |
| Comprehensive loss | (677,852) | (282,688) | (183,432) |
| Less: Comprehensive loss attributable to non-controlling interest | (4,007) | (1,643) | (448) |
| Comprehensive loss attributable to American Well Corporation | $(673,845) | $(281,045) | $(182,984) |
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