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.

Earnings data Q2 2021

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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)--The New Normalization: Talkspace Findings Show More People Are Openly Embracing Therapy, View it as a Necessity in Post-Pandemic Life.

The New Normalization: Talkspace Findings Show More People Are Openly Embracing Therapy, View It as a Necessity in Post-Pandemic Life

B2B payor sessions grew 90% year-over-year 1Q 2023 Operating expenses of $25.8 million, down 29% year-over-year 1Q 2023 Net loss of $8.8 million; Narrowed Adjusted EBITDA1 loss to $6.4 million, down 28% sequentially Raises FY 2023 Revenue and Adjusted EBITDA guidance, now expects to reach break-even by 1Q 2024 NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) --   Talkspace, Inc. (NASDAQ: TALK), today reported first quarter 2023 financial results.     Three Months   Period Ended March 31, 2023 (Unaudited)   Results     Variance from PriorYear %   (In thousands unless otherwise noted)             Number of B2B eligible lives at period end (in millions) 2     98       28 % Number of completed B2B sessions     171.7       90 % Number of B2C active members at period end     15.1       (32 )%               Total revenue   $ 33,336       11 % Gross profit   $ 16,748       11 % Gross margin %     50.2%     0.4 pts Operating expenses   $ 25,787       (29 )% Net loss   $ (8,758 )     57 % Adjusted EBITDA1   $ (6,430 )     65 % Cash and cash equivalents at period end   $ 125,083       (32 )%                   (1)  Adjusted EBITDA is a non-GAAP financial measure.

Talkspace Announces First Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Talkspace Launches New Mental Health Conditions Library; a Free, One-Stop Resource for People Seeking Mental Health Information Online

Talkspace Launches New Mental Health Conditions Library; a Free, One-Stop Resource for People Seeking Mental Health Information Online

NEW YORK, April 18, 2023 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, will release its 2023 first quarter results on Tuesday, May 2, 2023, after market close and host a conference call to review the results at 5 p.m. ET.

Talkspace to Report First Quarter 2023 Results and Host Conference Call

Talkspace's strong 4Q results and guidance suggest a potential major turnaround story among the universe of de-SPAC disasters. However, the company's negative history fostered an excessively cautious reaction by key sell-side analysts.

Talkspace: Turnaround Continues; Cautious Response To Guidance Creates An Opportunity

Talkspace, Inc. (NASDAQ:TALK ) Q4 2022 Earnings Conference Call February 22, 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 Stephanie Davis - SVB Securities Daniel Grosslight - Citi Operator Good morning. My name is Adra and I will be your conference operator today.

Talkspace, Inc. (TALK) Q4 2022 Earnings Call Transcript

Talkspace, Inc. (TALK) delivered earnings and revenue surprises of 27.27% and 4.10%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Talkspace, Inc. (TALK) Reports Q4 Loss, Tops Revenue Estimates

B2B payor sessions grew 56% year-over-year in FY 2022

Talkspace Announces Fourth Quarter and Fiscal Year 2022 Results

NEW YORK--(BUSINESS WIRE)--Talkspace, the leading provider of virtual behavioral health services, today announced the launch of Talkspace Engage. The innovative new portal is designed to provide people leaders and HR teams with access to a full library of clinical resources and a simplified "one-click" system that allows them to promote mental wellbeing and drive utilization of the company's available mental health services, including their Employee Assistance Programs (EAPs) and Talkspace services.

Talkspace Launches First-of-its-Kind Portal Dedicated to Employee Mental Health Resources

NEW YORK, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, released early findings of a landmark study in the delivery of asynchronous psychotherapy, which enables the ability to text with licensed therapists, during the onset of the COVID-19 pandemic.

New Research: Talkspace Releases Early Findings that “Text Therapy” Highly Effective for Frontline Healthcare Workers at Onset of COVID-19 Pandemic

SAN FRANCISCO , Jan. 18, 2023 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP is investigating potential derivative claims on behalf of shareholders of Talkspace, Inc. (NASDAQ: TALK) relating to possible false and misleading statements to investors in connection with the company's June 2021 reverse merger. On June 22, 2021, Talkspace, formerly a private company, completed a reverse merger with Hudson Executive Investment Corporation, a special purpose acquisition company, and thereafter began trading on the Nasdaq stock exchange.

SHAREHOLDER ALERT: Talkspace, Inc. (TALK) Officers and Directors Under Investigation for Possible False Statements in Connection with Merger

NEW YORK, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, today announced that Dr. Jon R. Cohen, Chief Executive Officer, and Jennifer Fulk, Chief Financial Officer, will participate in the 41st Annual J.P. Morgan Healthcare Conference, including a presentation on Thursday, January 12, 2023 at 11:15 a.m. PST. Presentation materials will be available online at https://investors.talkspace.com/ .

Talkspace to Participate in the 41st Annual J.P. Morgan Healthcare Conference

NEW YORK--( BUSINESS WIRE )--This January, Talkspace (NASDAQ: TALK) – a leading online behavioral health company – will launch the ‘Start From the Top' campaign, in partnership with Michael Phelps, to encourage every individual to prioritize their mental health as they chart out traditionally “physical” healthy habits to start in the new year.

Talkspace Launches ‘Start From the Top' to Make Mental Health a Priority at the ‘Top' of 2023

Talkspace, Inc. (TALK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Talkspace, Inc. (TALK) Upgraded to Buy: Here's Why

NEW YORK--( BUSINESS WIRE )--Yesterday, Talkspace (NASDAQ: TALK) – the leading online behavioral health company – has been honored as the “Best Large Service” of Verywell Mind's second annual 2022 Online Therapy Awards. For these awards, Verywell Mind conducted a comprehensive and proprietary analysis of digital therapy platforms, designed to help readers find options that suit their individual needs and serve as a starting point for anyone who may not know where to begin.

Talkspace Named to Verywell Mind's 2022 Online Therapy Awards

Talkspace (NASDAQ: TALK ), an online therapy company based in New York, jumped over 40% overnight after a report that Amwell (NYSE: AMWL ) might buy it. The reported price is $1.50/share.

Why Is Talkspace (TALK) Stock Up 40% Today?

Talkspace, Inc. (NASDAQ:TALK ) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET Company Participants Jeannine Feyen - Director of Communications Jennifer Fulk - Chief Financial Officer Douglas Braunstein - Chairman Jon Cohen - Chief Executive Officer Conference Call Participants Steven Braun - Cowen Jack Senft - William Blair Daniel Grosslight - Citi Stephanie Davis - SVB Securities Operator Good morning. My name is Audra and I will be your conference operator today.

Talkspace, Inc. (TALK) Q3 2022 Earnings Call Transcript

Talkspace, Inc. (TALK) delivered earnings and revenue surprises of 15.38% and 2.16%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Talkspace, Inc. (TALK) Reports Q3 Loss, Misses Revenue Estimates

Strong acceleration in B2B revenue growth

Talkspace Reports 2022 Third Quarter and Nine Months Results

Seasoned Healthcare Executive Will Continue to Scale Company's B2B Platform and Expand Member Base Seasoned Healthcare Executive Will Continue to Scale Company's B2B Platform and Expand Member Base

Talkspace Announces Jon Cohen, M.D. As Next Chief Executive Officer

Jon Cohen takes over the telehealth startup that has struggled with losses after going public last year.

Talkspace Names CEO as It Pitches Remote Therapy to Employers

NEW YORK, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, will release its 2022 third quarter and nine months results on Tuesday, November 8, 2022, before market open, and host a conference call to review the results at 8:30 a.m. ET.

Talkspace to Report Third Quarter 2022 Results and Host Conference Call

Talkspace was one of the first movers in the online therapy space, but since becoming a public company in 2021, performance has been poor. While the business has eight quarters of cash runway, there hasn't been any material change in recent business performance to believe the company's burn will materially affected.

Talkspace: The Weakness Continues

Shareholders Approve All Measures at First Annual Meeting of Stockholders Shareholders Approve All Measures at First Annual Meeting of Stockholders

Jon Cohen and Michael Hansen Join Talkspace's Board of Directors

NEW YORK--(BUSINESS WIRE)--Talkspace (NASDAQ: TALK), a leading online behavioral health care company, has partnered with the University of Kentucky (UK) to provide all current students with free Talkspace therapy, including messaging, live video sessions, and access to its signature Self-Guided therapy app, as young Americans experience historic levels of stress and anxiety. “With a new school year upon us, we're proud to be partnering with Talkspace to bring our students these much-needed supp

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