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Mar 31, 2024
Talkspace Q1 2024 Earnings Report
Reported strong revenue growth and achieved first profitable quarter.
Key Takeaways
Talkspace reported a 36% year-over-year increase in revenue, driven by growth in the Payor category, and achieved its first profitable quarter with an adjusted EBITDA of $0.8 million. The company's cash position and streamlined operations contribute to confidence in its ability to continue advancing its mission.
Total revenue grew 36% year-over-year.
Payor revenue increased 92% year-over-year.
Net loss reduced to $1.5 million from $8.8 million year-over-year.
Achieved first profitable quarter with Adjusted EBITDA of $0.8 million.
Revenue by Segment
Forward Guidance
Full fiscal year 2024 guidance remains unchanged. Talkspace expects revenue to be in the range of $185 million to $195 million, representing growth of 23-30%, and adjusted EBITDA to be in the range of $4 million to $8 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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