secwatch.observer — SEC 8-K summary
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Issuer:     Talkspace, Inc. (TALK)
CIK:        0001803901
Form:       8-K
Filed at:   2021-11-15T23:59:59+00:00
Accession:  0000950170-21-004591
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Talkspace Q3 revenue $26.4M (+23% YoY) misses; adjusted EBITDA loss widens to $20.8M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803901/000095017021004591/0000950170-21-004591-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803901/000095017021004591/talk-20211115.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-004591

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer