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Dec 31, 2023
Talkspace Q4 2023 Earnings Report
Talkspace experienced revenue growth, reduced operating expenses, and improved net loss.
Key Takeaways
Talkspace reported a 40% increase in revenue to $42.4 million, driven by a 138% increase in Payor revenue. Operating expenses decreased by 37% year-over-year, and the net loss improved to $1.3 million. The company provided 2024 revenue guidance of $185-$195 million and adjusted EBITDA of $4-$8 million and announced a share repurchase program of $15 million.
Revenue increased 40% year-over-year to $42.4 million, driven by Payor revenue growth.
Payor revenue grew 138% year-over-year.
Operating expenses decreased 37% year-over-year to $23.6 million.
Net loss improved to $1.3 million, compared to a net loss of $18.3 million in the prior year.
Forward Guidance
For 2024 Talkspace expects revenue to be in the range of $185 million to $195 million, and adjusted EBITDA to be in the range of $4 million to $8 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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