American Well Corp Q2 2024 10-Q Filing
Ticker: AMWL · Form: 10-Q · Filed: 2024-07-31T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, earnings, financials, healthcare
TL;DR
AMWL's Q2 2024 10-Q is in - check financials for telehealth performance.
AI Summary
American Well Corp (AMWL) filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter. Key financial data and business segments are presented, with specific figures related to revenue, expenses, and other financial metrics for the reporting period and comparative periods.
Why It Matters
This filing provides investors with a detailed look at American Well's financial health and operational performance for the second quarter of 2024, influencing investment decisions.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures for a public company, but the healthcare technology sector can be subject to regulatory changes and competitive pressures.
Key Numbers
- 20240630 — Period End Date (The end of the fiscal quarter reported in the 10-Q.)
- 20240731 — Filing Date (The date the 10-Q was officially filed with the SEC.)
Key Players & Entities
- American Well Corp (company) — Filer of the 10-Q
- 0000950170-24-088613 (other) — Accession Number for the filing
- 20240630 (date) — Period of report for the 10-Q
- 75 STATE STREET, 26TH FLOOR, Boston, MA 02109 (address) — Company's business and mailing address
- 617-205-3500 (phone_number) — Company's business phone number
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240630, indicating the filing covers the second quarter of 2024.
What is the company's official name and Central Index Key (CIK)?
The company's Conformed Name is American Well Corp, and its Central Index Key is 0001393584.
Where is American Well Corp headquartered?
American Well Corp's business and mailing address is 75 State Street, 26th Floor, Boston, MA 02109.
What is the SEC file number for American Well Corp?
The SEC File Number for American Well Corp is 001-39515.
When was this 10-Q filing submitted?
This 10-Q filing was submitted on 20240731.
From the Filing
0000950170-24-088613.txt : 20240731 0000950170-24-088613.hdr.sgml : 20240731 20240731162223 ACCESSION NUMBER: 0000950170-24-088613 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 69 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240731 DATE AS OF CHANGE: 20240731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: American Well Corp CENTRAL INDEX KEY: 0001393584 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-39515 FILM NUMBER: 241162324 BUSINESS ADDRESS: STREET 1: 75 STATE STREET STREET 2: 26TH FLOOR CITY: Boston STATE: MA ZIP: 02109 BUSINESS PHONE: 617-205-3500 MAIL ADDRESS: STREET 1: 75 STATE STREET STREET 2: 26TH FLOOR CITY: Boston STATE: MA ZIP: 02109 10-Q 1 amwl-20240630.htm 10-Q 10-Q Q2 false 0001393584 --12-31 0.1 0.05 0.05 1 0001393584 us-gaap:ParentMember 2023-03-31 0001393584 us-gaap:PerformanceSharesMember 2023-06-30 0001393584 amwl:PlatformSubscriptionMember 2024-01-01 2024-06-30 0001393584 amwl:TwoThousandAndTwentyEmployeeStockPurchasePlanMember 2024-01-01 2024-06-30 0001393584 amwl:CcacvJvLlcMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2024-04-01 2024-06-30 0001393584 amwl:VisitsMember 2024-04-01 2024-06-30 0001393584 us-gaap:FairValueMeasurementsRecurringMember 2024-06-30 0001393584 us-gaap:TradeNamesMember 2023-12-31 0001393584 us-gaap:CostOfSalesMember 2024-01-01 2024-06-30 0001393584 us-gaap:GeneralAndAdministrativeExpenseMember 2024-04-01 2024-06-30 0001393584 us-gaap:ResearchAndDevelopmentExpenseMember 2024-04-01 2024-06-30 0001393584 amwl:CcacvJvLlcMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2023-12-31 0001393584 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001393584 us-gaap:CommonClassCMember 2024-07-19 0001393584 srt:MinimumMember 2024-06-18 2024-06-18 0001393584 us-gaap:RelatedPartyMember amwl:ClevelandClinicMember 2023-12-31 0001393584 amwl:RelatedPartyClientOneMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2024-01-01 2024-06-30 0001393584 amwl:OthersMember 2023-04-01 2023-06-30 0001393584 us-gaap:ParentMember 2023-06-30 0001393584 us-gaap:NoncontrollingInterestMember 2023-04-01 2023-06-30 0001393584 us-gaap:CommonClassBMember 2024-01-01 2024-06-30 0001393584 amwl:PlatformSubscriptionMember 2023-04-01 2023-06-30 0001393584 amwl:EquityAwardPlanMember us-gaap:CommonStockMember 2024-06-30 0001393584 us-gaap:GeneralAndAdministrativeExpenseMember 2023-01-01 2023-06-30 0001393584 us-gaap:EmployeeStockOptionMember 2023-04-01 2023-06-30 0001393584 2024-01-01 2024-06-30 0001393584 us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001393584 us-gaap:TechnologyBasedIntangibleAssetsMember 2024-06-30 0001393584 us-gaap:CommonStockMember 2023-06-30 0001393584 us-gaap:EmployeeStockOptionMember 2023-01-01 2023-06-30 0001393584 2024-07-01 2024-06-30 0001393584 us-gaap:PendingLitigationMember 2024-06-30 0001393584 amwl:NtnMemberMember 2024-01-01 2024-06-30 0001393584 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001393584 amwl:RelatedPartyClientOneMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2023-01-01 2023-12-31 0001393584 amwl:NtnMemberMember us-gaap:NoncontrollingInterestMember 2023-12-31 0001393584 us-gaap:CommonStockMember 2024-03-31 0001393584 us-gaap:CommonStockMember 2024-04-01 2024-06-30 0001393584 amwl:TwoThousandAndTwentyEquityIncentivePlanMember 2023-12-31 0001393584 us-gaap:EmployeeStockOptionMember 2024-04-01 2024-06-30 0001393584 us-gaap:NoncontrollingInterestMember 2023-12-31 0001393584 amwl:OthersMember 2024-01-01 2024-06-30 0001393584 us-gaap:PerformanceSharesMember 2023-01-01 2023-06-30 0001393584 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2024-06-30 0001393584