XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Operations And Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
( $988 and $1,215 from related parties, respectively) $ 64,001 $ 64,232
Costs and operating expenses:    
Costs of revenue, excluding depreciation and amortization of intangible assets 38,752 36,765
Research and development 25,923 37,481
Sales and marketing 22,726 21,154
General and administrative 36,370 32,716
Depreciation and amortization expense 7,243 6,598
Goodwill Impairment 330,309  
Total costs and operating expenses 461,323 134,714
Loss from operations (397,322) (70,482)
Interest income and other income (expense), net 940 108
Loss before expense from income taxes and loss from equity method investment (396,382) (70,374)
(Expense) Benefit from income taxes (1,475) 332
Loss from equity method investment (652) (211)
Net loss (398,509) (70,253)
Net loss attributable to non-controlling interest (821) (216)
Net loss attributable to American Well Corporation $ (397,688) $ (70,037)
Net loss per share attributable to common stockholders, basic $ (1.42) $ (0.26)
Net loss per share attributable to common stockholders, diluted $ (1.42) $ (0.26)
Weighted-average common shares outstanding, basic 279,966,645 268,002,110
Weighted-average common shares outstanding, diluted 279,966,645 268,002,110
Net loss $ (398,509) $ (70,253)
Other comprehensive income (loss), net of tax:    
Unrealized (loss) gain on available-for-sale investments 4,319 (1,251)
Foreign currency translation 2,062 (2,951)
Comprehensive loss (392,128) (74,455)
Less: Comprehensive loss attributable to non-controlling interest (821) (216)
Comprehensive loss attributable to American Well Corporation $ (391,307) $ (74,239)