Talkspace reported a 29% increase in revenue for Q2 2024, driven by a 62% increase in Payor revenue. The company reduced its GAAP net loss to $0.5 million and achieved an adjusted EBITDA of $1.2 million.
Revenue increased by 29% year-over-year to $46.1 million.
Payor revenue grew by 62% year-over-year.
Net loss improved to $(0.5) million from $(4.7) million in the prior year.
Adjusted EBITDA improved to $1.2 million from $(4.0) million in the prior year.
Talkspace continues to expect fiscal year 2024 revenue to be in the range of $185 million to $195 million, growth of 23-30%, and adjusted EBITDA to be in the range of $4 million to $8 million.
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