earnings
confidence high
sentiment positive
materiality 0.75
Talkspace reports Q3 2024 net income of $1.9M; revenue up 23% to $47.4M
Talkspace, Inc.
2024-Q3 EPS reported
$0.00
revenue$138,873,000
- Revenue $47.4M (+23% YoY); payor revenue +45%, DTE +17%, consumer -30%.
- Net income $1.9M vs net loss $4.4M in Q3 2023; adjusted EBITDA $2.4M.
- Eligible lives 158.1M (+40%); completed payor sessions 316.4K (+38%).
- FY2024 guidance reaffirmed: revenue $185-195M, adj. EBITDA $4-8M.
- Cash $119M; gross margin 45.6% down from 48.8% due to payor mix shift.