American Well Corp (NYSE:AMWL)

$ 0.4318 -0.0252 (-5.51%) Market Cap: 128.01 Mil Enterprise Value: -169.69 Mil PE Ratio: 0 PB Ratio: 0.31 GF Score: 58/100

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Feb 24, 2022

$4.18 (+8.01%)

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Nov 10, 2021

$8.75 (-1.35%)

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Q2 2021 American Well Corp Earnings Call Transcript
Aug 11, 2021

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Q2 2021 American Well Corp Earnings Call Transcript

Aug 11, 2021 / 09:00PM GMT

Release Date Price: $10.28 (-3.75%)

Transcript 10-Q8-K

Operator

Good day, and thank you for standing by. Welcome to the Amwell Second Quarter 2021 Earnings Conference Call. (Operator Instructions)

I would now like to hand the conference over to your first speaker today, Ido Schoenberg, Chairman and CEO of Amwell. Thank you. Please go ahead.

Ido Schoenberg

American Well Corporation - Chairman & Co-CEO

Good evening, and thank you for joining our earnings call. On our call this evening, I will discuss our 2Q performance and share full year trends, including our 2021 guidance. I will then cover our strategic trajectory as reflected in our recent performance and acquisitions. Finally, I will turn to Keith to give you more color on our financials, and then we will both open the call for Q&A.

The second quarter remains consistent with our plan with $60 million in revenues. 55% came from our technology business and 45% from visits. We are excited to count over 70,000 active providers, significantly higher than we expected, considering 2020 COVID-related one-and-done adjustments. Following the typical

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