Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-39314 TALKSPACE, INC. (Exact name of Registrant as specified in its Charter) Delaware 84-4636604 (State or other ju ...

Mark Cuban Cost Plus Drug Company, PBC; Talkspace; and Health Gorilla join Wheel's ecosystem to provide everything customers need to stand up virtual care at scale. AUSTIN, Texas, March 7, 2024 /PRNewswire/ -- Wheel, the virtual care platform powering the future of care, today announced it is adding three high-impact companies to its Integrated Virtual Care Ecosystem — Talkspace; Mark Cuban Cost Plus Drug Company, PBC (Cost Plus Drugs); and Health Gorilla. With these additions to the Wheel ecosystem, Wheel ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Feeling better starts with a single message 2 This presentation may contain the measure Adjusted EBITDA, Adjusted EBITDA margin, and non-GAAP costs and expenses (including non-GAAP cost of revenue, research and development, sales and marketing, and general and administrative) which are non-GAAP financial measure. For additional information about the measure and a reconciliation to the most closely comparable GAAP measure see the Talkspace Investors Relations website at investors.talkspace.com. Payor Session ...

Financial Data and Key Metrics Changes - In Q4 2023, total revenue was $42.4 million, a 10% increase from the previous quarter and a 40% increase year-over-year. For the full year 2023, total revenue amounted to $150 million, reflecting a 25% growth over 2022 [100] - Adjusted EBITDA loss narrowed to approximately $300,000 in Q4 and $13.5 million for the full year 2023, an improvement from a $59 million loss in 2022 [11][20] - Cash and cash equivalents as of December 31, 2023, totaled $123.9 million, providing a robust liquidity position for future investments [11][99] Business Line Data and Key Metrics Changes - Payor revenue more than doubled year-over-year to $80.8 million in 2023, with covered lives growing 42% and sessions nearly doubling to 850,000 [83][20] - Direct-to-enterprise (DTE) revenue for Q4 was $8.9 million, up 11% sequentially, and for the full year, DTE revenue increased 19% year-over-year to $33.6 million [28][20] - Consumer category revenue was $8.2 million in Q4, a 4% sequential decline, and $35.6 million for the full year, a 35% year-over-year decline [101] Market Data and Key Metrics Changes - The company is positioned to capture a growing market for mental health services, estimated to grow at a 5% CAGR through 2032 to about $137 billion [80] - The company aims to address the mental health needs of seniors, with 65 million lives in Medicare, highlighting the increasing demand for mental health support among the elderly [98] Company Strategy and Development Direction - The company is focused on growing payor revenue and expanding its direct-to-enterprise business, particularly in addressing the youth mental health crisis [21][26] - Investments in AI are being made to enhance service delivery and operational efficiency, with a commitment to leveraging data science for improved mental health care [7][96] - A share repurchase plan of $15 million was approved to optimize returns on excess capital, reflecting confidence in future profitability [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about achieving break-even adjusted EBITDA in Q1 2024 and expects revenue growth of 23% to 30% year-over-year for the full year [13][20] - The company anticipates continued growth in payor sessions and revenue, driven by new partnerships and expanding covered lives, including Medicare [49][98] - Management emphasized the importance of maintaining a disciplined approach to capital allocation while exploring organic growth opportunities [99] Other Important Information - The company reduced total operating expenses by 32% from $143 million to $98 million in 2023, positioning itself for continued operating leverage [6][20] - The company has made significant investments in its leadership team and technology to enhance its service offerings and operational capabilities [78][96] Q&A Session All Questions and Answers Question: Can you provide an update on the opportunities in school systems and their potential size? - Management indicated significant interest in school systems, with variable sizes depending on the district, and highlighted the New York City contract covering 465,000 teenagers as a benchmark [34][105] Question: How do you see the progression of margins over the next three years? - Management expects fairly linear improvement in adjusted EBITDA margins, driven by growth in the payor category and operational efficiencies [36][110] Question: What is the current status of clinician turnover and their response to AI tools? - Management reported low clinician turnover and positive early feedback from therapists regarding AI tools that enhance their ability to provide care [112] Question: Are there further markets the company is looking to expand into? - Management confirmed ongoing efforts to expand into Medicare and Medicare Advantage, emphasizing the need to address the mental health challenges faced by seniors [115][116]

Exhibit 99.1 Talkspace Announces Fourth Quarter and Full Year 2023 Results 4Q 2023 Payor revenue grew 138% year-over-year 4Q 2023 Operating expenses of $23.6 million, down 37% year-over-year 4Q 2023 Net loss of $1.3 million; Adjusted EBITDA1 loss of $0.3 million, an improvement of 97% year-over- year Provides 2024 guidance with revenue $185-$195 million and adjusted EBITDA1 $4-$8 million Announces Initial Share Repurchase Program of $15M NEW YORK, New York - February 22, 2024 – Talkspace, Inc. (NASDAQ: TALK ...

NEW YORK--(BUSINESS WIRE)--Today, Talkspace, a leading online behavioral health company, and Wheel, the foremost virtual care platform powering the next generation of virtual healthcare, announced they will partner to offer patients access to board-certified general practitioners and licensed behavioral health providers across the U.S. – conveniently and virtually. In particular, the partnership will provide Talkspace and Wheel clients, including employers, payers, life sciences companies, and more with ...

NEW YORK--(BUSINESS WIRE)--Today, Talkspace (NASDAQ: TALK), a leading online behavioral health care company, announced a new partnership with the American Federation of Teachers (AFT). The partnership will offer discounted access to high-quality therapy and evidenced-based mental health resources, including curated monthly content, to AFT’s more than 1.7 million members, including educators, paraprofessionals, nurses, health professionals, and retirees. According to a recent survey conducted by the Ameri ...

NEW YORK, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, today announced that management will present and host one-on-one investor meetings at the 26th Annual Needham Growth Conference on January 16 and 19, 2024, virtually. The Company’s presentation will be on January 19, 2024, at 3:00pm EST. To schedule a one-on-one meeting with management, please contact your Needham representative. About Talkspace Talkspace (Nasdaq: TALK) is a leading virtual behavio ...

NEW YORK--(BUSINESS WIRE)--As the New Year kicks off, Talkspace (NASDAQ: TALK), a leading online behavioral health care company, today announced a brand new campaign challenging the tradition of New Year’s resolutions. With the goal of fostering meaningful and lasting change, Talkspace’s ‘Go Head First Into 2024’ campaign encourages individuals to prioritize mental health and well-being by embracing simple, actionable steps. The company will ring in the new year by participating in the Nasdaq Stock Market C ...