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Sep 30, 2021
Talkspace Q3 2021 Earnings Report
Net revenue grew driven by B2B, but overall financial results were below expectations due to lower B2C customers and a one-time non-cash reserve adjustment.
Key Takeaways
Talkspace reported Q3 2021 financial results with net revenue of $26.4 million, a 23% increase year-over-year. The growth was primarily driven by the B2B segment. However, the overall financial results were disappointing due to a lower number of B2C customers and a one-time non-cash reserve adjustment for credit losses.
Net Revenue of $26.4 million, a 23% increase over the prior-year period
Gross Profit of $14.2 million with a gross margin of 54%
Adjusted EBITDA loss of ($20.8) million
Net income of $1.5 million
Forward Guidance
Management's outlook for future financial and operational performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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