earnings
confidence high
sentiment negative
materiality 0.75
Talkspace Q3 revenue $26.4M (+23% YoY) misses; adjusted EBITDA loss widens to $20.8M
Talkspace, Inc.
2021-Q3 EPS reported
-$0.64
revenue$84,499,000
- Net revenue $26.4M (+23% YoY) but missed expectations due to lower B2C customers and $2.8M non-cash reserve adjustment.
- Adjusted EBITDA loss of $20.8M vs. $2.0M loss in prior year; gross margin fell to 54% from 70%.
- B2B eligible lives up 92% to 75.3M; B2B revenue up 69% to $7.7M; direct-to-consumer revenue only +10%.
- Net income $1.5M driven by $26.9M non-cash gain from warrant revaluation; $223M liquidity on hand.
- Active members grew 21% to ~60,300; completed B2B sessions up 96% to 71,300.