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Talkspace(TALK) - 2024 Q4 - Annual Results
TALKTalkspace(TALK)2025-02-20 13:11

Revenue Growth - Full-year 2024 total revenue increased by 25% year-over-year to 187.6million[1]−Fourthquarter2024totalrevenuegrewby15187.6 million[1] - Fourth quarter 2024 total revenue grew by 15% year-over-year to 48.7 million[1] - Payor revenue for the fourth quarter increased by 33.5% year-over-year to 33.8million,andforthefullyear,itroseby53.833.8 million, and for the full year, it rose by 53.8% to 124.3 million[15] Consumer Revenue - Consumer revenue declined by 34.8% year-over-year in Q4 to 5.3millionandby30.45.3 million and by 30.4% for the full year to 24.8 million[15] Profitability and EBITDA - Adjusted EBITDA for Q4 was 2.7million,improvingfromalossof2.7 million, improving from a loss of 0.3 million in Q4 2023[7] - Adjusted EBITDA for 2024 was 6,962,000,comparedtoalossof6,962,000, compared to a loss of 13,529,000 in 2023, indicating a substantial improvement[33] - Net income for the full year was 1.1million,asignificantimprovementfromanetlossof1.1 million, a significant improvement from a net loss of 19.2 million in 2023[7] - Net income improved significantly from a loss of 19,182,000in2023toaprofitof19,182,000 in 2023 to a profit of 1,148,000 in 2024[26] Financial Expectations - The company expects 2025 revenue to be in the range of 220millionto220 million to 235 million[7] Expenses and Liabilities - Operating expenses decreased by 11% year-over-year in Q4 to 21.0million[7]−Totalcurrentliabilitiesdecreasedfrom21.0 million[7] - Total current liabilities decreased from 21,648,000 in 2023 to 19,023,000in2024,areductionofapproximately12.0619,023,000 in 2024, a reduction of approximately 12.06%[23] Assets and Equity - Total assets decreased from 142,221,000 in 2023 to 138,677,000in2024,adeclineofapproximately3.85138,677,000 in 2024, a decline of approximately 3.85%[23] - Total stockholders' equity decreased from 118,646,000 in 2023 to 117,395,000in2024,adeclineofapproximately1.06117,395,000 in 2024, a decline of approximately 1.06%[23] Cash Flow - The company reported a net cash provided by operating activities of 11,704,000 in 2024, compared to a net cash used of 16,393,000in2023[26]−Thecompanyincurredanetcashusedininvestingactivitiesof16,393,000 in 2023[26] - The company incurred a net cash used in investing activities of 46,732,000 in 2024, compared to 141,000in2023[26]Stock−BasedCompensation−Stock−basedcompensationincreasedfrom141,000 in 2023[26] Stock-Based Compensation - Stock-based compensation increased from 8,395,000 in 2023 to 9,173,000in2024,anincreaseofabout9.259,173,000 in 2024, an increase of about 9.25%[33] Accounts Payable - The company’s accounts payable increased from 6,111,000 in 2023 to $7,710,000 in 2024, an increase of approximately 26.2%[23]