American Well Corp (NYSE:AMWL)
$ 8.85 -0.21 (-2.32%) Market Cap: 135.58 Mil Enterprise Value: -96.75 Mil PE Ratio: 0 PB Ratio: 0.40 GF Score: 61/100

Q2 2021 American Well Corp Earnings Call Transcript

Aug 11, 2021 / 09:00PM GMT
Release Date Price: $205.6 (-3.75%)
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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