Healthcare DIVE February 13, 2025
The telehealth vendor posted a net loss again last year, but it plans to achieve positive cash flow by 2026.
Dive Brief:
- Amwell failed to grow its revenue in the fourth quarter compared to the prior year, though the troubled telehealth vendor showed progress in its drive toward profitability in financial results posted Wednesday.
- Amwell narrowed its net loss in 2024, recording a $212.6 million loss last year compared to $679.2 million loss in 2023 when the company recorded a hefty non-cash goodwill impairment charge. The company aims to achieve positive cash flow by 2026.
- Meanwhile, subscription revenue was up 36% in the fourth quarter compared to the same period in 2023, driven in large part by deployments...
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