Talkspace reports first profitable quarter, revenue up 36% YoY to $45.4M

Talkspace, Inc.

2024-Q1 EPS reported -$0.01 revenue$45,416,000

Revenue $45.4M (+36% YoY); Payor revenue surged 92%, consumer revenue fell 29%.
GAAP net loss narrowed to $1.5M from $8.8M; first positive adjusted EBITDA of $0.8M.
Gross margin slipped to 47.8% from 50.2% due to mix shift toward payor revenue.
FY 2024 guidance unchanged: revenue $185M-$195M, adjusted EBITDA $4M-$8M.
Completed payor sessions rose 65% to 284.2K; eligible lives hit 131.4M (+34% YoY).

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 0.95

Talkspace, Inc. reported the quarter ended March 31, 2024 results: revenue $45,416, net income $(1,466). Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $45,416
Net income: $(1,466)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

of eligible lives at period end (in millions) 131.4 34% Number of completed Payor sessions 284.2 65% Number of Consumer active members at period end 11.1 (26)% Total revenue $45,416 36% Gross profit $21,731 30% Gross margin % 47.8% Operating expenses $23,410 (9)% Net loss $(1,466) 83% Adjusted EBITDA 1 $774 112% Cash and cash equivalents at period end

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Source: SEC EDGAR

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