Talkspace Q1 revenue $30M (+11% YoY); net loss widens to $20.4M

Talkspace, Inc.

2023-Q1 EPS reported -$0.13 revenue$30,150,000

Revenue $30.2M, up 11% YoY; B2B revenue grew 50% partially offset by 7% B2C decline.
Net loss $20.4M vs $12.7M a year ago; adjusted EBITDA loss $18.4M vs $10.6M.
B2B eligible lives 76.5M (+54%); completed B2B sessions 90.6k (+68%).
Gross margin fell to 50% from ~64% on mix shift to B2B and higher therapist costs.
Cash $184M; management cited B2C conversion improvements but no guidance change.

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