Amwell reports $389M in losses for Q1

Telehealth company Amwell has reported $389.5 million in losses, with an impairment charge contributing to the majority of that total, according to the company's first-quarter earnings posted May 3.

Four key things to know about Amwell's first quarter financial report:

  1. Amwell's total revenue was $64 million.

  2. The company's net loss was $389.5 million, compared to $70.3 million in the same period last year.

  3. Amwell's total active providers reached 108,000, an 8 percent increase compared to 100,000 in the first quarter of 2022.

  4. Amwell reported $507.2 million in cash and marketable securities.

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