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Dec 31, 2022
Talkspace Q4 2022 Earnings Report
Talkspace's Q4 2022 results showed progress against strategic priorities, with expansion in B2B and DTE categories, reduced costs, and optimized marketing efforts.
Key Takeaways
Talkspace reported a 4% increase in revenue to $30.2 million for Q4 2022, driven by a 52% increase in B2B revenue year-over-year. The company's net loss was $18.3 million, and adjusted EBITDA loss was $8.9 million, down 43% sequentially. The company provides FY 2023 revenue and adjusted EBITDA guidance.
B2B payor sessions grew 56% year-over-year in FY 2022.
Q4 2022 run-rate operating expenses were $25.4 million, down approximately $9 million year-over-year.
Q4 2022 net loss was $18.3 million, with an adjusted EBITDA loss of $8.9 million, a 43% sequential decrease.
FY 2023 revenue and adjusted EBITDA guidance were provided.
Forward Guidance
For the Fiscal Year 2023, Talkspace expects revenue to be in the range of $125 million to $135 million and adjusted EBITDA loss to be in the range of $(32) million to $(28) million.
Positive Outlook
- Revenue to be in the range of $125 million to $135 million
Challenges Ahead
- Adjusted EBITDA loss to be in the range of $(32) million to $(28) million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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