Talkspace, Inc. (TALK) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced a loss of $0.01, delivering a surprise of 75%.Over the last four quarters, the company has surpassed cons ...

Exhibit 99.1 Talkspace Announces First Quarter 2024 Results 1Q 2024 Total revenue grew 36% year-over-year 1Q 2024 Payor revenue grew 92% year-over-year Reduced GAAP Net loss to $1.5 million from $8.8 million year-over-year Delivers first profitable quarter with Adjusted EBITDA1 of $0.8 million NEW YORK, New York - May 7, 2024 – Talkspace, Inc. (NASDAQ: TALK), today reported first quarter 2024 financial results. | | Three Months | | | --- | --- | --- | | Three Months Ended March 31, 2024 (Unaudited) | Result ...

The latest trading session saw Talkspace, Inc. (TALK) ending at $3.09, denoting a +0.65% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.46%. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 0.64%.Heading into today, shares of the company had lost 14.01% over the past month, lagging the Medical sector's loss of 4.9% and the S&P 500's loss of 3.04% in that time.The investment community will be closely mo ...

The leading specialty telemedicine company teams up with leading behavioral health company to broaden access to mental health treatment and therapy for women NEW YORK , April 25, 2024 /PRNewswire/ -- Thirty Madison, the specialty telemedicine company operating Keeps, Cove, and Nurx, today announced a partnership with Talkspace, a  leading online behavioral health company, to expand comprehensive mental health offerings for more than half a million women. Talkspace will serve as the recommended therapy partn ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Talkspace, Inc. (TALK) .Talkspace currently has an average brokerage recom ...

SDI Productions Talkspace (NASDAQ:TALK) is a US-based online healthcare company providing mental health services such as therapies or medications. Since going public via SPAC at $9.8 per share in 2020, TALK's share performance has been lackluster. The stock traded at merely $2.4 at the start of this year. Even with the stock trading at $3.6 and being up 50% YTD, it still has lost over 63% of its value since going public in 2020. I initiate my coverage with a buy rating. My 1-year price target of $4 presents ...

The Good BrigadeBeing successful in this stock market often means going after under-recognized small-cap names that have nothing to do with AI or other market trends. Especially with the S&P 500 continuing to flirt near all-time highs, it's a great time for investors to be looking for contrarian plays. Talkspace (NASDAQ:TALK) is a great example here. The mental health app provider has seen its share price surge 50% year to date (and has more than doubled over the past two quarters), even though it's a s ...

Part I [Business](index=5&type=section&id=Item%201.%20Business) Talkspace offers virtual behavioral healthcare via its platform, connecting members with licensed providers across Payor, DTE, and Consumer channels, with 2023 revenue reaching $150.0 million driven by Payor segment expansion | Financial Metric | 2023 | 2022 | | :--- | :--- | :--- | | **Revenue** | $150.0 million | $119.6 million | | **Eligible Lives (Payor & DTE)** | ~131 million | ~92 million | | **Completed Payor Sessions** | ~850,600 | ~426,400 | | **Consumer Active Members** | ~11,700 | ~15,400 | - The company serves clients through three main channels: **Payor** (health plans), **Direct-to-Enterprise** (DTE), and **Consumer** (direct subscriptions)[15](index=15&type=chunk) - Talkspace operates through **Management Services Agreements (MSAs)** with Talkspace Provider Network, PA (TPN) and other professional entities to comply with the corporate practice of medicine laws[34](index=34&type=chunk)[35](index=35&type=chunk) - The technology platform uses **machine learning** for provider matching and has a vast dataset of over **7.2 billion words** from anonymized messages and approximately **5 million completed psychological assessments**[27](index=27&type=chunk)[28](index=28&type=chunk) - As of December 31, 2023, the company's workforce included **472 employees** and **5,235 independently contracted providers**[39](index=39&type=chunk) [Risk Factors](index=18&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks including a history of losses, intense competition, reliance on contract renewals, and a complex regulatory environment - The company has a **history of losses** and may not achieve or sustain profitability due to substantial investments in client acquisition and technology development[80](index=80&type=chunk) - The business faces **significant competition** from other telehealth providers like American Well, Teladoc, and Lyra Health, as well as potential competition from large technology companies and retailers[90](index=90&type=chunk)[91](index=91&type=chunk) - The company's structure, which relies on **Management Services Agreements** with affiliated professional entities, could be challenged under state laws prohibiting the corporate practice of medicine or fee-splitting[154](index=154&type=chunk)[156](index=156&type=chunk) - Failure to comply with numerous federal and state privacy and security regulations, such as HIPAA, CCPA, and GDPR, could result in **significant liability and reputational harm**[167](index=167&type=chunk)[169](index=169&type=chunk)[176](index=176&type=chunk) - **Material weaknesses in internal controls** over financial reporting were identified for the year ended December 31, 2022, and while remediated, future weaknesses could impair the ability to produce accurate financial statements[204](index=204&type=chunk) [Unresolved Staff Comments](index=63&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments - None[232](index=232&type=chunk) [Cybersecurity](index=64&type=section&id=Item%201C.%20Cybersecurity) Talkspace maintains a cybersecurity risk management program, overseen by the Audit Committee and managed by CISO/CTO, with no material incidents reported to date - The company has established policies for assessing, identifying, and managing **material risks** from cybersecurity threats, which are integrated into the broader enterprise risk management process[234](index=234&type=chunk) - Oversight is provided by the **Audit Committee**, which receives at least **quarterly updates** from management on security posture, risk mitigation, and material threats[243](index=243&type=chunk) - The company has **not experienced any material impact** from cybersecurity threats or incidents to date[242](index=242&type=chunk) [Properties](index=66&type=section&id=Item%202.%20Properties) The company's headquarters are in New York, NY, with most employees working remotely, and no leased facilities are considered material - The company's headquarters are located in **New York, NY**, but the **majority of its employees work remotely**[247](index=247&type=chunk) [Legal Proceedings](index=66&type=section&id=Item%203.%20Legal%20Proceedings) The company settled securities class action and stockholder derivative lawsuits in February 2023, receiving final court approval in Q3 and Q4 2023 without admitting liability - The company **settled certain class action lawsuits** in February 2023, with final court approval granted in Q3 and Q4 2023. The company **admitted no liability**[248](index=248&type=chunk) [Mine Safety Disclosures](index=66&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[250](index=250&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=67&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Talkspace common stock and warrants trade on Nasdaq, with no cash dividends paid or planned, and a $15 million share repurchase program approved in February 2024 - The company's common stock and warrants began trading on **Nasdaq** on June 23, 2021, under symbols "**TALK**" and "**TALKW**"[253](index=253&type=chunk) - The company has **never paid cash dividends** and does not intend to in the foreseeable future[256](index=256&type=chunk) - **No shares of common stock were repurchased** by the company during the fourth quarter of 2023[259](index=259&type=chunk) - On February 22, 2024, the Board of Directors approved a **$15 million share repurchase program** authorizing up to $15 million of the company's common stock over a 24-month period[261](index=261&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=70&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In 2023, Talkspace's revenue grew 25.5% to $150.0 million, driven by Payor segment expansion, while significantly narrowing its net loss to $19.2 million and maintaining strong liquidity | Revenue Source | 2023 Revenue | 2022 Revenue | % Change | | :--- | :--- | :--- | :--- | | **Payor** | $80.8 million | $36.2 million | +123.5% | | **DTE** | $33.6 million | $28.2 million | +19.0% | | **Consumer** | $35.6 million | $55.2 million | -35.4% | | **Total Revenue** | **$150.0 million** | **$119.6 million** | **+25.5%** | | Metric | 2023 | 2022 | | :--- | :--- | :--- | | **Gross Profit** | $74.4 million | $60.3 million | | **Gross Margin** | 49.6% | 50.5% | | **Operating Loss** | $(23.2) million | $(83.2) million | | **Net Loss** | $(19.2) million | $(79.7) million | | **Adjusted EBITDA** | $(13.5) million | $(58.7) million | - The decrease in operating expenses was driven by efficiency initiatives, with **significant reductions in sales and marketing (-27.9%)** and **general and administrative (-41.2%) costs**[296](index=296&type=chunk)[299](index=299&type=chunk)[300](index=300&type=chunk) - As of December 31, 2023, the company had **$123.9 million in cash and cash equivalents** and **no debt**[311](index=311&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=83&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate exposure on its $123.9 million cash, deemed immaterial, with foreign currency risk also considered insignificant - The company holds **$123.9 million in cash and cash equivalents** and does **not believe interest rate fluctuations would have a material effect** on its business[331](index=331&type=chunk)[332](index=332&type=chunk) - Foreign currency exchange risk is considered **immaterial** due to limited operations outside the U.S. and revenue being primarily in U.S. dollars[333](index=333&type=chunk) [Financial Statements and Supplementary Data](index=84&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) The 2023 consolidated financial statements, audited by Kost Forer Gabbay & Kasierer with an unqualified opinion, show a net loss of $19.2 million, with Payor revenue estimation noted as a critical audit matter - The independent registered public accounting firm issued an **unqualified opinion** on the consolidated financial statements and the effectiveness of internal control over financial reporting as of December 31, 2023[337](index=337&type=chunk)[347](index=347&type=chunk) - The auditor identified the estimation of transaction price and variable consideration for Payor revenue recognition as a **Critical Audit Matter** due to the significant judgment and subjective assumptions involved[341](index=341&type=chunk)[342](index=342&type=chunk) | Balance Sheet Item (As of Dec 31, 2023) | Amount (in thousands) | | :--- | :--- | | **Total Assets** | $142,221 | | Cash and cash equivalents | $123,908 | | **Total Liabilities** | $23,575 | | **Total Stockholders' Equity** | $118,646 | | Income Statement Item (Year Ended Dec 31) | 2023 (in thousands) | 2022 (in thousands) | | :--- | :--- | :--- | | **Revenues** | $150,045 | $119,567 | | **Gross Profit** | $74,380 | $60,338 | | **Net Loss** | $(19,182) | $(79,672) | | **Net Loss Per Share** | $(0.12) | $(0.51) | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=119&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on accounting and financial disclosure - None[459](index=459&type=chunk) [Controls and Procedures](index=119&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal control over financial reporting were effective as of December 31, 2023, with prior material weaknesses fully remediated - Management concluded that internal control over financial reporting was **effective** as of December 31, 2023[464](index=464&type=chunk) - The **material weaknesses** identified as of December 31, 2022, related to IT general controls and oversight, have been **remediated** as of December 31, 2023[466](index=466&type=chunk)[469](index=469&type=chunk) [Other Information](index=120&type=section&id=Item%209B.%20Other%20Information) No director or officer adopted or terminated Rule 10b5-1 trading arrangements during the fourth quarter of 2023 - **No director or officer adopted or terminated a Rule 10b5-1 trading arrangement** in the fourth quarter of 2023[470](index=470&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=121&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) The information required for this item is incorporated by reference from the company's definitive Proxy Statement for its 2024 Annual Meeting of Stockholders - Information is **incorporated by reference** from the 2024 Proxy Statement[474](index=474&type=chunk) [Executive Compensation](index=121&type=section&id=Item%2011.%20Executive%20Compensation) The information required for this item is incorporated by reference from the company's definitive Proxy Statement for its 2024 Annual Meeting of Stockholders - Information is **incorporated by reference** from the 2024 Proxy Statement[475](index=475&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=121&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) The information required for this item is incorporated by reference from the company's definitive Proxy Statement for its 2024 Annual Meeting of Stockholders - Information is **incorporated by reference** from the 2024 Proxy Statement[476](index=476&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=121&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) The information required for this item is incorporated by reference from the company's definitive Proxy Statement for its 2024 Annual Meeting of Stockholders - Information is **incorporated by reference** from the 2024 Proxy Statement[477](index=477&type=chunk) [Principal Accounting Fees and Services](index=121&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) The information required for this item is incorporated by reference from the company's definitive Proxy Statement for its 2024 Annual Meeting of Stockholders - Information is **incorporated by reference** from the 2024 Proxy Statement[478](index=478&type=chunk) Part IV [Exhibits and Financial Statement Schedules](index=122&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section provides an index of all exhibits filed with or incorporated by reference into the Form 10-K, including key agreements and certifications - This section contains the **index of all exhibits** filed with or incorporated by reference into the Form 10-K[482](index=482&type=chunk)[483](index=483&type=chunk) [Form 10-K Summary](index=122&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company indicates there is no Form 10-K summary - None[481](index=481&type=chunk)

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 ...