Talkspace Q3 revenue up 11% to $29.3M; net loss widens to $18M

Talkspace, Inc.

2022-Q3 EPS reported -$0.39 revenue$89,326,000

Total revenue $29.3M (+11% YoY); B2B revenue surged 117% while B2C declined 33%.
Net loss of $18M vs net income of $2M in prior-year period; adjusted EBITDA loss improved to $15.5M.
Added ~9 million eligible lives and 10 new enterprise accounts in Q3.
Nine-month revenue $89.3M (+6%); B2B eligible lives reached 86.1M (+52%).
Cash and equivalents $152.6M, down 32% YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Talkspace, Inc. reported third quarter ended September 30, 2022 results: revenue $29,332, net income $(17,983).

Period: third quarter ended September 30, 2022
Revenue: $29,332
Net income: $(17,983)
Result: reported results

Exact text from the filing

B2B eligible lives (in millions) 86.1 52 % 86.1 52 % Number of completed B2B sessions 111.4 56 % 298.0 55 % Number of B2C active members 1 17.9 (36 )% 17.9 (36 )% Total revenue $ 29,332 11 % $ 89,326 6 % Gross profit $ 14,595 3 % $ 44,163 (13 )% Gross margin % 49.8 % (4.0) pts 49.4 % (10.7) pts Operating expenses $ 34,446 (13 )% $ 106,290 (8 )% Net loss $ (17,983

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Source: SEC EDGAR

accession 0000950170-22-022887

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