Core Insights - Talkspace, Inc. reported a 29% year-over-year growth in total revenue for Q2 2024, reaching $46.1 million, primarily driven by a 62% increase in Payor revenue [1][3][4] - The company reduced its GAAP net loss to $0.5 million from $4.7 million in the same quarter last year, indicating improved financial performance [1][4] - Adjusted EBITDA for Q2 2024 was $1.2 million, a significant improvement from a loss of $4.0 million in Q2 2023 [1][4] Financial Performance - Total revenue for the first half of 2024 was $91.5 million, reflecting a 33% increase compared to the prior year [2] - Payor revenue reached $29.9 million, up 61.5% year-over-year, while Direct to Enterprise (DTE) revenue increased by 19.8% [12][3] - Consumer revenue, however, saw a decline of 28.5% year-over-year, totaling $6.5 million [12][3] Operational Metrics - The number of eligible lives covered by Talkspace exceeded 145 million, with 298.6 thousand completed Payor sessions in Q2 2024 [2][3] - The gross profit for Q2 2024 was $21 million, an 18% increase from the previous year, but the gross margin decreased to 45.5% from 50% [3][12] - Operating expenses were $24.4 million, a slight increase of 1% year-over-year, primarily due to higher general and administrative costs [3][12] Share Repurchase Program - The Board of Directors approved an additional $25 million share repurchase program, following an $8 million repurchase in Q2 2024 [1][6] - This brings the total authorized repurchase amount to $32 million over the next 24 months [6] Future Guidance - For the fiscal year 2024, Talkspace expects revenue to be in the range of $185 million to $195 million, representing a growth of 23-30% [5] - Adjusted EBITDA is anticipated to be between $4 million and $8 million for the same period [5]

About Talkspace Contacts Talkspace pioneered the ability to text with a licensed therapist from anywhere and now offers a comprehensive suite of mental health services, including therapy for individuals, teens, and couples, as well as psychiatric treatment and medication management (18+). With Talkspace's core therapy offerings, members are matched with one of thousands of licensed therapists within days and can engage in live video, audio, or chat sessions, and/or unlimited asynchronous text messaging sess ...

NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- Talkspace (NASDAQ:TALK), a leading behavioral healthcare company, today announced that management will participate in the Truist Securities Healthcare Disruptors & Digital Health Summit, being held in New York, on Tuesday, June 25, 2024, including a panel discussion on "Addressing the Mental Health Crisis" with Dr. Jon Cohen, Chief Executive Officer of Talkspace, at 10:30am ET. About Talkspace Talkspace (NASDAQ:TALK) is a leading virtual behavioral healthcare prov ...

Talkspace pioneered the ability to text with a licensed therapist from anywhere and now offers a comprehensive suite of mental health services, including therapy for individuals, teens, and couples, as well as psychiatric treatment and medication management (18+). With Talkspace's core therapy offerings, members are matched with one of thousands of licensed therapists within days and can engage in live video, audio, or chat sessions, and/or unlimited asynchronous text messaging sessions. All care offered at ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) Commission File Number: 001-39314 TALKSPACE, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 84-4636604 (State or other jurisdiction of incorporation or organization) 622 Third Avenue, New York, New York 10017 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO ...

Talkspace, Inc. (NASDAQ:TALK) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Jeannine Feyen - Investor Relations Jon Cohen - Chief Executive Officer Jennifer Fulk - Chief Financial Officer Conference Call Participants Charles Rhyee - TD Cowen Jack Senft - William Blair Stephanie Davis - Barclays Operator Thank you for standing by. My name is Benjamin, and I will be your conference operator today. At this time, I’d like to welcome everyone to Talkspace First Quarter 2024 Earning ...

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 ...