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:
- Amwell's total revenue was $64 million.
- The company's net loss was $389.5 million, compared to $70.3 million in the same period last year.
- Amwell's total active providers reached 108,000, an 8 percent increase compared to 100,000 in the first quarter of 2022.
- Amwell reported $507.2 million in cash and marketable securities.