Talkspace Q2 revenue up 29% YoY to $46.1M; reports positive Adj. EBITDA of $1.2M

Talkspace, Inc.

2024-Q2 EPS reported -$0.01 revenue$91,474,000

Revenue $46.1M (+29% YoY); Payor revenue up 62% YoY; DTE revenue up 20% YoY.
Net loss improved to $(0.5)M from $(4.7)M YoY; second consecutive quarter of positive Adj. EBITDA of $1.2M.
Covered lives expanded 33% to 145.3M; completed Payor sessions up 49% to 298.6K.
Board approved additional $25M share repurchase program (total up to $32M remaining).
FY2024 revenue guidance reaffirmed at $185-195M, Adj. EBITDA $4-8M.

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