Company: AMWL
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000950170-25-019024
Chunk: 223

Company: American Well Corp
Filing Date: 2025-02-12
Form: 10-K
Item: Item 1B
Chunk 223
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 of $1,599, $1,576 and $1,741 from contracts with this client. 

17. Employee Benefit Plan The Company has established a defined contribution savings plan under Section 401(k) of the Internal Revenue Code. This plan covers substantially all employees who meet minimum age and service requirements and allows participants to defer a portion of their annual compensation on a pretax basis, subject to legal limitations. Company contributions to the plan may be made at the discretion of the Company’s board of directors. The Company contributed a total of $3,418, $3,639 and $3,363 to the plan for the years ended December 31, 2024, 2023 and 2022, respectively.

18. Net Loss per Share Basic and diluted net loss per share attributable to common stockholders was calculated as follows:  

        Years Ended December 31,

        2024

        2023

        2022

        Numerator:

        Net loss
         
        $
        (212,638
        )
         
        $
        (679,171
        )
         
        $
        (272,072
        )

        Net loss attributable to non-controlling interest

        (4,495
        )

        (4,007
        )

        (1,643
        )

        Net loss attributable to American Well Corporation
         
        $
        (208,143
        )
         
        $
        (675,164
        )
         
        $
        (270,429
        )

        Denominator:

        Weighted-average common shares outstanding, basic and diluted

        14,999,590

        14,212,505

        13,712,290

        Net loss per share attributable to common stockholders,   basic and diluted
         
        $
        (13.88
        )
         
        $
        (47.50
        )
         
        $
        (19.72
        )
       
      The Company’s potential dilutive securities, which include stock options, convertible preferred stock and unvested restricted stock units, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The Company excluded the following potential common shares equivalents presented based on amounts outstanding at each period end, from the