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amwell Exhibit 99.1 • Amwell® Announces Results for First Quarter 2021 Total active providers of approximately 81,000 at the end of the first quarter increased 240 % compared to a year ago Total visits of 1.6 million in the first quarter increased 120 % compared to a year ago Total visits since inception surpassed 10 million in the first quarter with 5.9 million added in 2020 Revenue of $ 57.6 million in the first quarter increased 7 % over COVID enhanced volume first quarter last year BOSTON , May 12 , 2021 / BusinessWire / - Amwell® , ( NYSE : AMWL ) ( the " Company " ) a national telehealth leader , today announced financial results for the first quarter ended March 31 , 2021 . " Our first quarter results represent a strong start to the year and demonstrate continued momentum across our business . As telehealth evolved from a complimentary service to a fundamental enabler of mainstream healthcare , we too have advanced our innovation and investment strategy : our next generation platform Converge is designed to enable healthcare's most trusted players to carry out digitally empowered , full - spectrum , unified online and in - person care . At its core , we believe Converge offers exceptional usability , reliability , scalability and flexibility . With its modular open architecture and longitudinal capabilities , we believe Converge will simplify innovative collaboration across the ecosystem . We expect Converge to expand our market opportunity and enhance our own efficiencies over time . We also expect it to accelerate innovators ' ability to impact clinical and financial outcomes by creating a faster path to implement new technologies and services in a single integrated platform , ” said Dr. Ido Schoenberg , Chairman and Co - CEO . First quarter 2021 Financial Highlights : All comparisons , unless otherwise noted , are to the three months ended March 31 , 2020 . • Total active providers grew to ~ 81,000 , compared to ~ 24,000 last year and ~ 72,000 last quarter • Total visits were ~ 1.6 million , compared to ~ 725,000 Amwell Medical Group ( " AMG " ) visits were 20 % of total visits , compared to 50 % of total visits Total visits since inception surpassed 10 million in the first quarter with 5.9 million added in 2020 Total Revenue was $ 57.6 million , compared to $ 53.7 million Subscription revenue was $ 24.6 million , compared to $ 21.8 million Visit revenue was $ 27.8 million , compared to $ 26.5 million Gross margin was 38.0 % , compared to 38.5 % • Net loss was $ 39.8 million , compared to $ 25.2 million Adjusted EBITDA was $ ( 26.4 ) million , compared to $ ( 17.7 ) million , as a result of increased R & D investment in the Converge technology platform