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.

NEW YORK--(BUSINESS WIRE)--Talkspace (NASDAQ: TALK), a leading online behavioral health company, today released the results of its second annual New Normalization survey. This year's report titled, “In Our Normalization Era,” found that openness around mental health conversations continues to grow across all generations, with respondents significantly more open to discussing their mental health than they were five years ago. It also revealed that expectations for mental health support from empl.

In Our Normalization Era: Talkspace's Second Annual Survey Validates Surge in Mental Health Openness and Calls for Greater Mental Health Care Access Across Generations

NEW YORK--(BUSINESS WIRE)--Talkspace (NASDAQ: TALK), a leading online behavioral health care company, today announced the formation of the dedicated AI Innovation Group aimed at advancing provider efficiency, and enhancing clinical quality and overall operational excellence through responsible and ethical use of artificial intelligence. Created in partnership with Talkspace's Clinical Quality and Security and Compliance teams, this initiative marks the next iteration of Talkspace's maturing AI.

Talkspace Launches Dedicated AI Innovation Group to Advance Provider Efficiency and Enhance Clinical Quality and Operations

NEW YORK--(BUSINESS WIRE)--Today, Talkspace, a leading online behavioral health care company, announced it will team up with FlexIt, the leader in virtual personal wellness, delivering personal training, nutrition, yoga, and more. Together, they will bring a series of free IRL outdoor fitness classes led by FlexIt's talented coaches to New York City's five boroughs this summer. The classes are open to all to promote and support teen wellness in the community. “We are inspired by how many young.

Mental Wellness Meets Fitness: Talkspace and FlexIt Partner to Bring Expanded Virtual Wellness to Their Members and Free Summer Fitness Classes to All Five Boroughs for #TeenTuesdays

LONGMONT, Colo.--(BUSINESS WIRE)---- $TALK #humanresources--Talkspace, a leading provider of virtual mental health services, and Wellbeing at Work, a pioneer in employee benefits navigation, today announced a strategic partnership. This collaborative integration offers Talkspace's comprehensive digital mental health services within Wellbeing at Work's innovative benefits navigation platform, leveraging Gallup's science of wellbeing. In today's evolving landscape, employers increasingly seek integrated solutions addressi.

Talkspace and Wellbeing at Work Announce Strategic Partnership to Transform Utilization and Access to Employee Wellbeing

NEW YORK--(BUSINESS WIRE)--Talkspace and FitOn Team Up to Promote Mental Fitness and Launch First-Ever Mental Health Education Sessions In-App.

Talkspace and FitOn Team Up to Promote Mental Fitness and Launch First-Ever Mental Health Education Sessions In-App

NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, today announced that management will participate in the Truist Securities Healthcare Disruptors & Digital Health Summit, being held in New York, on Tuesday, June 25, 2024, including a panel discussion on “Addressing the Mental Health Crisis" with Dr. Jon Cohen, Chief Executive Officer of Talkspace, at 10:30am ET.

Talkspace to Participate in the Truist Securities Healthcare Disruptors & Digital Health Summit

Talkspace shares have dropped nearly 40% from YTD peaks despite strong growth and positive Q1 results, creating a good entry point for investors. The company is expanding its partnerships with mental health providers and adding new growth initiatives, including an expansion into Medicare coverage. Over the long haul, Talkspace is benefiting from the destigmatization of mental health, broader coverage of mental health services, and a focus on enterprise clients.

Talkspace: This Dip Is Temporary, Buy Back In

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NEW YORK--(BUSINESS WIRE)--Talkspace and Labcorp's Ovia Health Form Women's Health Coalition to Deliver Accessible, Affordable Solutions to Address Women's Diverse Health Needs.

Talkspace and Labcorp's Ovia Health Form Women's Health Coalition to Deliver Accessible, Affordable Solutions to Address Women's Diverse Health Needs

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NEW YORK, May 20, 2024 (GLOBE NEWSWIRE) -- Today Talkspace (NASDAQ: TALK), a leading online behavioral health care company, announced the appointment of Ian Harris, a seasoned investment leader who currently oversees investor strategy and relations at the Company, as Chief Financial Officer. The Company has also announced that Jennifer Fulk will step down from her position as Chief Financial Officer. Ms. Fulk will assist with the transition process while spending time with family.

Talkspace Announces CFO Transition, Appointing Ian Harris as New CFO

NEW YORK--(BUSINESS WIRE)--Talkspace Expands Access to Tele-Mental Healthcare With Medicare Launch.

Talkspace Expands Access to Tele-Mental Healthcare With Medicare Launch

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Talkspace, Inc. (NASDAQ:TALK ) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Jeannine Feyen - Investor Relations Jon Cohen - Chief Executive Officer Jennifer Fulk - Chief Financial Officer Conference Call Participants Charles Rhyee - TD Cowen Jack Senft - William Blair Stephanie Davis - Barclays Operator Thank you for standing by. My name is Benjamin, and I will be your conference operator today.

Talkspace, Inc. (TALK) Q1 2024 Earnings Call Transcript

Talkspace, Inc. (TALK) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.05 per share a year ago.

Talkspace, Inc. (TALK) Reports Q1 Loss, Tops Revenue Estimates

1Q 2024 Total revenue grew 36% year-over-year 1Q 2024 Payor revenue grew 92% year-over-year Reduced GAAP Net loss to $1.5 million from $8.8 million year-over-year Delivers first profitable quarter with Adjusted EBITDA 1 of $0.8 million NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Talkspace, Inc. (NASDAQ: TALK), today reported first quarter 2024 financial results.     Three Months       Three Months Ended March 31, 2024 (Unaudited)   Results   % Variance from Prior Year (In thousands unless otherwise noted)         Number 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 EBITDA1     $774     112% Cash and cash equivalents at period end     $120,278     —               (1) Adjusted EBITDA is a non-GAAP financial measure.

Talkspace Announces First Quarter 2024 Results

Talkspace, Inc. (TALK) concluded the recent trading session at $3.13, signifying a -0.95% move from its prior day's close.

Talkspace, Inc. (TALK) Stock Falls Amid Market Uptick: What Investors Need to Know

NEW YORK--(BUSINESS WIRE)--Talkspace Unveils New Brand Identity Alongside Mental Health Awareness Month And Launches New "Talk It Out" Campaign.

Talkspace Unveils New Brand Identity Alongside Mental Health Awareness Month

NEW YORK--(BUSINESS WIRE)--Talkspace Launches Behavioral Health Consortium of Specialized Care and Treatment Programs, Expanding In-Network Offerings for Members.

Talkspace Launches Behavioral Health Consortium of Specialized Care and Treatment Programs, Expanding In-Network Offerings for Members

In the most recent trading session, Talkspace, Inc. (TALK) closed at $3.09, indicating a +0.65% shift from the previous trading day.

Why the Market Dipped But Talkspace, Inc. (TALK) Gained Today

The leading specialty telemedicine company teams up with leading behavioral health company to broaden access to mental health treatment and therapy for women NEW YORK , April 25, 2024 /PRNewswire/ --  Thirty Madison , the specialty telemedicine company operating Keeps, Cove, and Nurx, today announced a partnership with Talkspace , a  leading online behavioral health company, to expand comprehensive mental health offerings for more than half a million women. Talkspace will serve as the recommended therapy partner for Thirty Madison brands Nurx , the leader in specialty, comprehensive care in women's health, and Cove , the largest virtual clinic treating migraine.

Thirty Madison's Nurx and Cove partner with Talkspace to expand mental health support for more than half a million women

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Is Talkspace (TALK) a Buy as Wall Street Analysts Look Optimistic?

NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, will release its first quarter 2024 results on Tuesday, May 7, 2024, before market open and host a conference call to review the results at 8:30 a.m. ET.

Talkspace to Report First Quarter 2024 and Host Conference Call

NEW YORK--(BUSINESS WIRE)--Validation Institute Certifies Talkspace's ROI Calculator, Enabling Employers to Better Measure the Impact of Offering Virtual Mental Health Services.

Validation Institute Certifies Talkspace's ROI Calculator, Enabling Employers to Better Measure the Impact of Offering Virtual Mental Health Services

Talkspace is a US-based online healthcare company providing mental health therapy services. The company's stock performance has been lackluster since going public in 2020, but it has seen improvement in fundamentals and revenue growth. I expect the referral-based partnership strategy to be a key catalyst for growth and margin expansion in FY 2024.

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