Talkspace(US:TALK)2022-06-09 18:15Market Opportunity - The digital mental healthcare market is underpenetrated and growing[6] - Over 50% of Americans with a mental illness do not receive treatment, representing approximately 27 million people in 2022[9] - 78% of behavioral health consumers prefer virtual delivery over in-person[9] - The U S Behavioral Health Market is projected to grow at a CAGR of +5 5%[9] Business Strategy & Performance - The company is making continued progress on well-defined strategic priorities[6] - The company has a strong balance sheet to enable investments to accelerate revenue growth and boost cash flow[6, 34] - The company is optimizing B2C returns by enhancing value proposition, increasing conversion, and improving retention[19, 21] - The company is growing its B2B business with multiple drivers to increase market penetration and enhance profitability[34] Product & Technology - The company has a full-stack behavioral health platform to serve both B2B and B2C markets[6] - The company leverages technology at every step of the clinical journey, from screening to discharge[15, 18] - Integrated machine learning drives member engagement and improves clinical efficacy[34] Financials (Q1 2022 Performance) - B2C revenue was $12.9 million in Q1 2022[36] - B2B revenue was $17.3 million in Q1 2022[36] - Total revenue was $30.2 million in Q1 2022[36]