secwatch.observer — SEC 8-K summary
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Issuer:     Talkspace, Inc. (TALK)
CIK:        0001803901
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0000950170-24-117950
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Talkspace reports Q3 2024 net income of $1.9M; revenue up 23% to $47.4M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803901/000095017024117950/0000950170-24-117950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803901/000095017024117950/talk-20241029.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-117950

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer