We're Keeping An Eye On American Well's (NYSE:AMWL) Cash Burn Rate [Yahoo! Finance]
American Well Corporation Class A (AMWL)
Company Research
Source: Yahoo! Finance
So, the natural question for American Well NYSE:AMWL ) shareholders is whether they should be concerned by its rate of cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. Let's start with an examination of the business' cash, relative to its cash burn. Does American Well Have A Long Cash Runway? A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. When American Well last reported its June 2024 balance sheet in July 2024, it had zero debt and cash worth US$277m. Looking at the last year, the company burnt through US$171m. That means it had a cash runway of around 19 months as of June 2024. Importantly, analysts think that American Well will reach cashflow breakeven in 2 years. That means unless the company reduces its cash burn quickly, it may well look to raise more cash. You can see how its cash balance has changed over time
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News
- American Well Co. (NYSE: AMWL) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
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AMWL
Earnings
- 7/31/24 - Beat
AMWL
Sec Filings
- 9/5/24 - Form 4
- 9/5/24 - Form 4
- 9/5/24 - Form 4
- AMWL's page on the SEC website