Company: AMWL
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000950170-25-019024
Chunk: 15

Company: American Well Corp
Filing Date: 2025-02-12
Form: 10-K
Item: Item 16
Chunk 15
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 December 31, 2024 and as of December 31, 2023

    —

    —

    Common stock, $0.01 par value; 1,000,000,000 Class A shares authorized, 13,922,877   and 12,776,608 shares issued and outstanding, respectively; 100,000,000 Class B    shares authorized, 1,369,518 shares issued and outstanding; 200,000,000 Class C    shares authorized 277,777 issued and outstanding as of December 31, 2024 and as of    December 31, 2023

    156

    145

    Additional paid-in capital

    2,286,380

    2,237,502

    Accumulated other comprehensive income (loss)

    (15,840
    )

    (15,650
    )

    Accumulated deficit

    (1,965,924
    )

    (1,757,778
    )

    Total American Well Corporation stockholders’ equity

    304,772

    464,219

    Non-controlling interest

    11,472

    15,967

    Total stockholders’ equity

    316,244

    480,186

    Total liabilities and stockholders’ equity
     
    $
    435,968

    $
    589,705

The accompanying notes are an integral part of these consolidated financial statements. 

F-4

AMERICAN WELL CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS 

(In thousands, except share and per share amounts) 

    Years Ended December 31,

    2024

    2023

    2022

    Revenue

    ($3,165, $3,859 and $4,544 from related parties, respectively)
     
    $
    254,364

    $
    259,047

    $
    277,190

    Costs and operating expenses:

    Costs of revenue, excluding depreciation and amortization of intangible assets

    155,412

    164,287

    160,422

    Research and development

    86,065

    105,827

    138,487

    Sales and marketing

    76,272

    86,460