Talkspace Q3 revenue $38.6M (+32% YoY), net loss improves 75% to $4.4M

Talkspace, Inc.

2023-Q3 EPS reported -$0.11 revenue$107,627,000

Revenue $38.6M (+32% YoY); B2B payor revenue up 79%, consumer revenue down 32%.
Net loss $4.4M vs $18.0M last year; Adjusted EBITDA loss $2.8M, improved 82% YoY.
FY2023 revenue guidance raised to ~$146M; Adjusted EBITDA loss narrowed to $16-17M.
B2B sessions 228.6k (+105% YoY); eligible lives 113M (+31% YoY).
Expects break-even Adjusted EBITDA by end of Q1 2024 with ~$120M cash balance.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Talkspace, Inc. reported the third quarter ended September 30, 2023 results: revenue $38,646, net income $(4,414). Guidance reaffirmed.

Period: the third quarter ended September 30, 2023
Revenue: $38,646
Net income: $(4,414)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

113 31% 113 31% Number of completed B2B sessions during the period 228.6 105% 600.8 102% Number of Consumer active members at period end 13.3 (26)% 13.3 (26)% Total revenue $38,646 32% $107,627 20% Gross profit $18,849 29% $53,409 21% Gross margin % 48.8% 49.6% Operating expenses $24,028 (30)% $74,035 (30)% Net loss $(4,414) 75% $(17,876) 71% Adjusted EBITDA

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Source: SEC EDGAR

accession 0000950170-23-057758

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