Core Insights - Amwell has announced that CFO Mark Hirschhorn will take on an expanded role as Chief Operating Officer effective January 1, 2025, reflecting the company's commitment to scaling its digital healthcare solutions [1][2] - Hirschhorn will oversee operational and growth strategies, including clinical, sales, and marketing teams, while maintaining his CFO responsibilities [2][3] - The company aims to achieve cash flow positivity by 2026, emphasizing a focus on operational efficiency and profitable growth [3] Leadership Changes - Two executives, Chief Commercial and Growth Officer Kathy Weiler and Chief Operating Officer Kurt Knight, will depart Amwell at the end of the year [2][4] - Weiler has significantly contributed to cost initiatives and the transformation of the growth organization, while Knight has played a key role in strategy, M&A, and scaling operations during the COVID-19 pandemic [2][4] Company Overview - Amwell is a leading hybrid care delivery platform in the U.S. and globally, connecting providers, payers, patients, and innovators to enhance access to affordable, high-quality care [5] - The company supports digital health needs across various care types, including urgent, acute, post-acute, chronic care management, and healthy living [5] - Amwell serves over 50 health plans, representing more than 100 million covered lives, and collaborates with many of the largest health systems in the nation [5]

American Well Corporation (NYSE:AMWL) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Sue Dooley - Head of Investor Relations Ido Schoenberg - Chairman and Chief Executive Officer Mark Hirschhorn - Chief Financial Officer Conference Call Participants Craig Hettenbach - Morgan Stanley Ryan MacDonald - Needham & Company Stan Berenshteyn - Wells Fargo Jailendra Singh - Truist Securities Charles Rhyee - TD Cowen Dave Larsen - BTIG Operator Ladies and gentlemen, good afternoon. ...

Core Insights - American Well Corporation (AMWL) reported revenue of $61.05 million for the quarter ended September 2024, a decrease of 1.4% year-over-year [1] - The company's EPS was -$2.87, an improvement from -$4.00 in the same quarter last year [1] - Revenue fell short of the Zacks Consensus Estimate of $62.06 million, resulting in a surprise of -1.64%, while the EPS exceeded expectations by 13.55% [1] Revenue Breakdown - Platform subscription revenue was $26.23 million, below the estimated $27.23 million, reflecting a year-over-year decline of 7.6% [3] - Other revenue reached $7.35 million, surpassing the average estimate of $6.13 million, marking a year-over-year increase of 7.4% [3] - Revenue from visits was $27.47 million, compared to the average estimate of $28.60 million, indicating a year-over-year growth of 2.8% [3] Stock Performance - Over the past month, American Well's shares have returned +4.2%, outperforming the Zacks S&P 500 composite's +1.8% change [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [4]

American Well Corporation (AMWL) came out with a quarterly loss of $2.87 per share versus the Zacks Consensus Estimate of a loss of $3.32. This compares to loss of $4 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 13.55%. A quarter ago, it was expected that this company would post a loss of $3.94 per share when it actually produced a loss of $3.36, delivering a surprise of 14.72%. Over the last four quarters, the company has ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39515 American Well Corporation (Exact name of registrant as specified in its charter) Delaware 20-5009396 (State of incorpora ...

Exhibit 99.1 AMWELL ANNOUNCES RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2024 BOSTON, October 30, 2024 – Amwell ® (NYSE: AMWL), a leader in hybrid care enablement, today announced financial results for the third quarter of 2024. "Q3 was a busy quarter for Amwell as we steadily executed on key strategies that support our path to cash flow positive. We are aligning our cost structure to fit our strategy, with great emphasis on efficiency and effectiveness, while building our growth organization to deli ...

BOSTON, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Amwell® (NYSE: AMWL), a leader in digital care, announced company leaders will participate in several upcoming investor conferences. Ido Schoenberg, M.D., Amwell chairman and chief executive officer, and Mark Hirschhorn, Amwell chief financial officer, will participate in fireside chats or one-on-one meetings at these events: Nov. 12: UBS Global Healthcare Conference in Palos Verdes, Calif. The fireside chat is at 8:45 a.m. PT.Nov. 20: Needham 4th Annual Consumer Te ...

American Well Corporation (AMWL) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers ...

BOSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Amwell® (NYSE: AMWL), a leader in digital care, today announced Mark Hirschhorn will become Amwell Chief Financial Officer (CFO) effective Oct. 21, succeeding Robert “Bob” Shepardson, who has been in the role since 2021. Hirschhorn will oversee Amwell’s financial operations, enterprisewide optimization and capital allocation activities, and will play a meaningful leadership role in guiding the company’s strategy to support its long-term growth objectives and enhance ...

BOSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Amwell® (NYSE: AMWL), a leader in digital care, will report third quarter 2024 operating results on Wednesday, Oct. 30. Following the distribution of the earnings alert via wire services, the Amwell management team will host a live conference call and webcast at 5 p.m. ET to review the company's operating results and provide a general business update. The full earnings report and the live audio webcast can be accessed by visiting the Investors section of the company ...