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Jun 30, 2022
Talkspace Q2 2022 Earnings Report
Talkspace's second quarter performance reflected strong B2B revenue growth and continued improvement in B2C operating performance and profitability.
Key Takeaways
Talkspace's Q2 2022 results showed a 4% decrease in revenue to $30 million, driven by a 47% growth in B2B revenue offset by a 28% decline in B2C revenue. Net loss narrowed to $(23) million, compared to $(30) million in the prior-year period. The company is focused on operational priorities and disciplined resource allocation to enhance cash flow.
Revenue declined 4% to $30 million due to B2C revenue decline offsetting B2B revenue growth.
B2B revenue increased by 47% due to gains in eligible lives and enterprise clients.
Gross profit decreased by 25% to $15 million, with gross margin declining to 49%.
Net loss narrowed to $(23) million, driven primarily by lower stock-based compensation.
Forward Guidance
No forward guidance provided in the release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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