XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations And Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
($983, $1,163, $1,971 and $2,377 from related parties, respectively) $ 62,447 $ 64,516 $ 126,448 $ 128,748
Costs and operating expenses:        
Costs of revenue, excluding depreciation and amortization of intangible assets 38,244 36,497 76,996 73,262
Research and development 25,842 37,067 51,765 74,548
Sales and marketing 21,554 18,721 44,280 39,875
General and administrative 36,319 34,911 72,689 67,627
Depreciation and amortization expense 7,718 6,724 14,961 13,322
Goodwill Impairment 27,276   357,585  
Total costs and operating expenses 156,953 133,920 618,276 268,634
Loss from operations (94,506) (69,404) (491,828) (139,886)
Interest income and other income (expense), net 2,332 764 3,272 872
Loss before expense from income taxes and loss from equity method investment (92,174) (68,640) (488,556) (139,014)
Expense from income taxes (716) (461) (2,191) (129)
Loss from equity method investment (625) (551) (1,277) (762)
Net loss (93,515) (69,652) (492,024) (139,905)
Net loss attributable to non-controlling interest (1,040) (507) (1,861) (723)
Net loss attributable to American Well Corporation $ (92,475) $ (69,145) $ (490,163) $ (139,182)
Net loss per share attributable to common stockholders, basic $ (0.33) $ (0.25) $ (1.74) $ (0.51)
Net loss per share attributable to common stockholders, diluted $ (0.33) $ (0.25) $ (1.74) $ (0.51)
Weighted-average common shares outstanding, basic 283,059,929 273,320,740 281,504,945 273,615,031
Weighted-average common shares outstanding, diluted 283,059,929 273,320,740 281,504,945 273,615,031
Net loss $ (93,515) $ (69,652) $ (492,024) $ (139,905)
Other comprehensive income (loss), net of tax:        
Unrealized gain (loss) on available-for-sale investments 1,933 (111) 6,252 (1,362)
Foreign currency translation (214) (10,179) 1,848 (13,130)
Comprehensive loss (91,796) (79,942) (483,924) (154,397)
Less: Comprehensive loss attributable to non-controlling interest (1,040) (507) (1,861) (723)
Comprehensive loss attributable to American Well Corporation $ (90,756) $ (79,435) $ (482,063) $ (153,674)