Talkspace

Talkspace, Inc. is the virtual behavioral healthcare company committed to making care more effective, accessible, and convenient. Talkspace addresses the challenges of traditional mental healthcare by combining effective clinical solutions with technology designed for present day. The platform is powered by a diverse team of certified mental health specialists in every state providing therapy and psychiatric treatment for individuals, couples, and adolescents. Talkspace therapists meet clients where they are, on their schedules, on any device, via chat, voice, and video. All care is delivered through an easy-to-use and fully encrypted web and mobile platform, consistent with HIPAA and other state regulatory requirements. More than two million people have used Talkspace. Talkspace for Business, the enterprise division of Talkspace. Existing relationships include employers, schools, and the nation's largest health care plans, including an in-network provider agreement with Cigna. The company was founded by Frank Roni and Frank Oren in 2012 and is headquartered in New York, NY.

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Talkspace reports Q4 revenue growth, eyes breakeven by 2024

Talkspace's Q4 2022 performance showed revenue growth and strategic focus on expanding business segments and revenue streams.
While facing challenges such as consumer revenue decline and financial losses, the company aims for breakeven by the first half of 2024.
Opportunities lie in leveraging increased demand for mental health services, expanding into new business segments, and enhancing service quality through AI tools.

Talkspace reports robust Q1 growth, eyes profitability by Q1 2024

Talkspace's Q1 2023 performance reflects strong revenue growth and progress towards profitability, underpinned by strategic initiatives and market expansion.
While facing challenges in areas like DTC stabilization and cost management, Talkspace's revised guidance and market positioning indicate a path towards sustained growth.
The company's focus on payer revenue, provider relationships, and operational efficiency aligns with opportunities in the growing mental health services market, positioning Talkspace for future success.

Talkspace reports robust Q2 earnings, eyes growth in mental health

Talkspace's Q2 2023 earnings call showcased strong financial performance, marked by revenue growth and achieving cash flow positivity. The company's strategic initiatives aim to drive growth, enhance market positioning, and achieve profitability through operational excellence. While facing challenges like declining DTE business, Talkspace is well-positioned to capitalize on opportunities in the mental health services market.

Talkspace reports robust Q3 earnings, eyes profitability by Q1 2024

Talkspace's strong performance in Q3 2023 reflects its commitment to growth and innovation in the digital mental health space, with revenue and EBITDA improvements.
While facing challenges in achieving profitability, the company's strategic focus on payer revenue growth and operational efficiency sets a clear path to sustainable success.
With raised revenue guidance, a roadmap to breakeven EBITDA, and promising opportunities ahead, Talkspace is poised for continued growth and market leadership.

Talkspace reports robust 2023 results, eyes growth through payer strategy

Talkspace's strong financial performance in 2023, coupled with strategic initiatives and partnerships, sets a positive trajectory for the company. Challenges in consumer spending are being addressed through successful business pivots, while opportunities in payer coverage and brand presence offer avenues for growth.

Talkspace reports profitable Q1, eyes Medicare expansion for growth

Talkspace delivered a strong Q1 performance, achieving its first profitable quarter and demonstrating robust revenue growth in the payer category.
The company's strategic initiatives, including Medicare expansion, provider network growth, and diversified partnerships, position it well for future growth.
While facing challenges in managing costs and market competition, Talkspace's focus on profitability and expansion opportunities present avenues for sustained success.
With a solid financial position, continued investments in AI capabilities, and reaffirmed guidance, Talkspace shows confidence in its ability to navigate challenges and capitalize on growth opportunities.

Talkspace reports robust Q2 earnings, eyes growth through strategic initiatives

Talkspace delivered strong financial results in Q2 2024, with notable revenue growth and profitability, driven by expanding payor revenue and successful initiatives in key segments.
The company's strategic focus on enhancing patient care, building partnerships, and strengthening its leadership team positions Talkspace for continued success and differentiation in the competitive telehealth market.
While facing challenges in scaling operations and managing costs, Talkspace has opportunities to leverage its unique strengths, partnerships, and market positioning to drive growth and innovation.

Talkspace reports robust Q3 earnings, eyes strategic partnerships for growth

Talkspace's Q3 performance reflects strong revenue growth and strategic partnerships, positioning the company for continued expansion.
While facing challenges in optimizing marketing efforts and balancing growth initiatives, Talkspace's focus on data-driven strategies and value-based care contracting presents opportunities for future growth.
Overall, Talkspace's commitment to diverse market segments, operational efficiency, and revenue guidance reaffirm its position as a key player in the telehealth industry.

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Talkspace, Inc. engages in the operation and development of a technology platform used in connecting patients to licensed mental health professionals through messaging, video, and audio. The company was founded by Frank Roni and Frank Oren in 2012 and is headquartered in New York, NY.

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NEW YORK--(BUSINESS WIRE)--New York City Mayor Eric Adams announced—NYC TeenSpace—in partnership with Talkspace, to provide free therapy to all New York City teens aged 13-17.

Mayor Adams, DOHMH Commissioner Dr. Vasan Launch ‘TeenSpace' With Talkspace, Tele-mental Health Service For NYC Teens

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Talkspace, Inc. (NASDAQ:TALK ) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET Company Participants Jeannine Feyen - Director of Communications Jon Cohen - Chief Executive Officer Jennifer Fulk - Chief Financial Officer Conference Call Participants Lucas Romanski - Cowen Jack Senft - William Blair. Operator Thank you for standing by.

Talkspace, Inc. (TALK) Q3 2023 Earnings Call Transcript

B2B payor revenue grew 132% year-over-year 3Q 2023 Operating expenses of $24.0 million, down 30% year-over-year Reduced Net Loss to $4.4 million and Adjusted EBITDA 1 loss to $2.8 million, an improvement of 75% and 82% year-over-year, respectively NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Talkspace, Inc. (NASDAQ: TALK), today reported third quarter 2023 financial results.     Three Months   Nine Months Period Ended September 30, 2023 (Unaudited)   Results   Variance fromPrior Year %   Results   Variance fromPrior Year % (In thousands unless otherwise noted)                 Number of B2B eligible lives at period end (in millions)   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 EBITDA1   $(2,800)   82%   $(13,223)   74% Cash and cash equivalents at period end   $125,332   —   $125,332   —   (1) Adjusted EBITDA is a non-GAAP financial measure.

Talkspace Announces Third Quarter 2023 Results

NEW YORK, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, today announced that Jon R. Cohen, M.D., CEO, and Jennifer Fulk, CFO, will participate in a fireside chat and host one-on-one investor meetings at the 6th Annual Evercore ISI HealthCONx Conference in Miami, FL, on November 29, 2023. The Company's fireside chat will be at 3:50 pm ET.

Talkspace to Present at the 6th Annual Evercore ISI HealthCONx Conference

NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, today announced that Jennifer Fulk, CFO, will participate in a fireside chat and host one-on-one investor meetings at the Canaccord Genuity Medical Technology & Diagnostics Forum in New York, NY, on November 16, 2023. The Company's fireside chat will be at 11:00am ET.

Talkspace to Present at the Canaccord Genuity Medical Technology & Diagnostics Forum

NEW YORK--(BUSINESS WIRE)--Talkspace Appoints Nikole Benders-Hadi, MD, as Chief Medical Officer.

Talkspace Appoints Nikole Benders-Hadi, MD, as Chief Medical Officer

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NEW YORK, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, will release its third quarter 2023 results on Thursday, November 2, 2023, before market open and host a conference call to review the results at 8:30 a.m. ET. Conference Call Details The conference call will be available via audio webcast at https://investors.talkspace.com/ and can also be accessed by dialing (888) 330-2391 for U.S. participants, or +1 (240) 789-2702 for international participants, and referencing participant code 2348878.

Talkspace to Report Third Quarter 2023 Results and Host Conference Call

NEW YORK--(BUSINESS WIRE)--Talkspace Named “Most Comprehensive” in Verywell Mind's 2023 Online Therapy + Wellness Awards.

Talkspace Named “Most Comprehensive” in Verywell Mind's 2023 Online Therapy + Wellness Awards

Talkspace is a leading brand in mental health, benefiting from the destigmatization of mental health and broader coverage of mental health services. The company is focusing on the enterprise market and sees psychiatry as a significant growth opportunity. Talkspace's Q2 results exceeded expectations, with revenue growing 19% YoY, and the company has boosted its full-year outlook.

Talkspace: Under-Recognized And Undervalued

NEW YORK--(BUSINESS WIRE)--Talkspace was named by Crain's New York Business as one of the publication's “2023 Best Places to Work.”.

Talkspace Recognized as Crain's New York 2023 “Best Places to Work”

Talkspace is reporting strong growth across its online mental health treatment platform. Management expects the company to reach breakeven adjusted EBITDA by Q1 2024. We expect shares to remain volatile but see significant upside potential if the financial strategy maintains momentum through next year.

Talkspace Stock: Online Mental Health Provider With Several Tailwinds Into 2024

Talkspace, Inc. (TALK) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Talkspace, Inc. (TALK) Soars to 52-Week High, Time to Cash Out?

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NEW YORK--(BUSINESS WIRE)-- #AI--Talkspace's proprietary AI algorithm alerts therapists to suicide risk in patients using real-time analysis on messages sent on Talkspace's platform.

Proprietary AI Algorithm Alerts Therapists to Suicide Risk in Patients Utilizing the Talkspace Platform

NEW YORK--(BUSINESS WIRE)--Today ŌURA, the company behind the smart ring that delivers personalized health data, insights, and daily guidance, and Talkspace, a leading online behavioral health company, announced a partnership that will offer their members a way to share personalized sleep data directly with their dedicated licensed therapist through Talkspace's secure, encrypted platform. This first-of-its-kind partnership, powered by ŌURA's new Share Report feature, opens up a new way for heal.

ŌURA and Talkspace Launch First-of-Its-Kind Holistic Sleep Partnership

NEW YORK, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, today announced that Jon R. Cohen, M.D., Chief Executive Officer, and Jennifer Fulk, Chief Financial Officer, will participate in the 2023 Wells Fargo Healthcare Conference on September 6, 2023 in Boston.

Talkspace to Participate at 2023 Wells Fargo Healthcare Conference

SAN DIEGO--(BUSINESS WIRE)--The following statement is being issued by Robbins Geller Rudman & Dowd LLP and Rolnick Kramer Sadighi LLP regarding the Talkspace Securities Litigation: UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK   X     In re TALKSPACE, INC. SECURITIES LITIGATION       Civil Action No. 1:22-cv-00163-PGG CLASS ACTION SUMMARY NOTICE OF PROPOSED SETTLEMENT OF CLASS ACTIONS     X     TO: (1) ALL PERSONS THAT PURCHASED OR OTHERWISE ACQUIRED TALKSPACE, INC. F/K/A HUDS.

Robbins Geller Rudman & Dowd LLP and Rolnick Kramer Sadighi LLP Announce Proposed Settlement in the Talkspace Securities Litigation

Talkspace, Inc. (NASDAQ:TALK ) Q2 2023 Earnings Call Transcript July 27, 2023 8:30 AM ET Company Participants Jeannine Feyen - Director of Communications Jon Cohen - Chief Executive Officer Jennifer Fulk - Chief Financial Officer Conference Call Participants Charles Rhyee - Cowen Operator Good morning, and welcome to Talkspace's Earnings Conference Call for the Second Quarter of 2023. I'm Jeannine Feyen, Director of Communications.

Talkspace, Inc. (TALK) Q2 2023 Earnings Call Transcript

Talkspace, Inc. (TALK) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.15 per share a year ago.

Talkspace, Inc. (TALK) Reports Q2 Loss, Tops Revenue Estimates

B2B payor revenue grew 135% year-over-year 2Q 2023 Operating expenses of $24.2 million, down 32% year-over-year Reduced Net Loss to $4.7 million and Adjusted EBITDA 1 loss to $4.0 million, down 80% and 77% year-over-year, respectively Raises FY 2023 Revenue and Adjusted EBITDA guidance; Reaffirms break-even by end of 1Q 2024 NEW YORK, July 27, 2023 (GLOBE NEWSWIRE) -- Talkspace, Inc. (NASDAQ: TALK), today reported second quarter 2023 financial results.     Three Months   Six Months Period Ended June 30, 2023 (Unaudited)   Results   Variance fromPrior Year %   Results   Variance fromPrior Year % (In thousands unless otherwise noted)                 Number of B2B eligible lives at period end (in millions)   110   42%   110   42% Number of completed B2B sessions   200.5   109%   372.2   100% Number of Consumer active members at period end   13.7   (32)%   13.7   (32)%                   Total revenue   $35,645   19%   $68,981   15% Gross profit   $17,812   22%   $34,560   17% Gross margin %   50.0%       50.1%     Operating expenses   $24,220   (32)%   $50,007   (30)% Net loss   $(4,704)   80%   $(13,462)   69% Adjusted EBITDA1   $(3,977)   77%   $(10,407)   71% Cash and cash equivalents at period end   $126,104   —   $126,104   — (1) Adjusted EBITDA is a non-GAAP financial measure.

Talkspace Announces Second Quarter 2023 Results

NEW YORK, July 11, 2023 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, will release its 2023 second quarter results on Thursday, July 27, 2023, before market open and host a conference call to review the results at 8:30 a.m. ET.

Talkspace to Report Second Quarter 2023 Results and Host Conference Call

The rapid acceleration in Talkspace's payor revenue growth last quarter is the best example yet of new management delivering on its stated objectives. Utilization rates by the company's eligible B2B users remain extremely low; the recent significant improvement to utilization rates suggests an open-ended growth opportunity. The stage appears set for further increases to guidance and, potentially, profitability by the end of this year.

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