Talkspace Q1 revenue $33.3M (+11% YoY); net loss narrows; raises FY guidance

Talkspace, Inc.

2023-Q1 EPS reported -$0.05 revenue$33,336,000

Revenue $33.3M (+11% YoY); B2B revenue up 71%; B2B sessions +90% to 171.7k.
Net loss $(8.8)M improved from $(20.4)M; Adj. EBITDA loss $(6.4)M (65% improvement).
FY 2023 revenue guidance raised to $130-135M; Adj. EBITDA loss improved to $(21)-(24)M.
Expects break-even Adj. EBITDA by Q1 2024, one quarter earlier than prior guidance.
Ends Q1 with $125M cash; total covered lives at 112M (including 14M added post-Q1).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.65

Talkspace, Inc. reported first quarter ended March 31, 2023 results: revenue $33,336, net income $(8,758). Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $33,336
Net income: $(8,758)
Guidance: raised
Result: reported results

Exact text from the filing

of B2B eligible lives at period end (in millions) 2 98 28 % Number of completed B2B sessions 171.7 90 % Number of B2C active members at period end 15.1 (32 )% Total revenue $ 33,336 11 % Gross profit $ 16,748 11 % Gross margin % 50.2 % 0.4 pts Operating expenses $ 25,787 (29 )% Net loss $ (8,758 ) 57 % Adjusted EBITDA 1 $ (6,430 ) 65 % Cash and cash

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Source: SEC EDGAR

accession 0000950170-23-016667

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