Profile
Sector:
HealthcareIndustry:
Health Information ServicesCountry:
United StatesIPO:
30 July 2020Website:
http://www.talkspace.comNext earnings report:
21 February 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:33:12 GMTDividend
Analysts recommendations
Institutional Ownership
TALK Latest News
Shares of Talkspace surged nearly 20% after reporting very strong Q3 results. The company continues to progress in its rollout of Medicare across the U.S., while a new partnership with TRICARE (the military health services program) is another growth catalyst for 2025. Amid double-digit revenue growth, the company also managed to reduce opex by -10% y/y, vaulting the company to positive adjusted EBITDA.
Talkspace, Inc. (NASDAQ:TALK ) Q4 2024 Earnings Call Transcript October 29, 2024 8:30 PM ET Company Participants Jeannine Feyen - Director of Communications Jon Cohen - Chief Executive Officer Ian Harris - Chief Financial Officer Conference Call Participants Stephanie Davis - Barclays Ryan MacDonald - Needham & Company Operator Ladies and gentlemen, thank you for standing by. My name is Christa, and I will be your conference Operator today.
TALK collaborates with Wisdo Health to enhance mental health support for seniors, addressing loneliness and improving access to care for the 65+ community.
NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, will release its third quarter 2024 results on Tuesday, October 29, 2024, before market open and host a conference call to review the results at 8:30am ET.
Talkspace's significant revenue growth and nearing profitability signal a potential valuation rerate, offering meaningful upside with proper execution. Key growth drivers include strategic payor partnerships, expanding Medicare availability, and marketing efforts focused on insurance benefits awareness. Despite competition and commoditization risks, Talkspace's revenue growth and payor focus position it well for future upside performance.
Talkspace is partnering with Amazon.com to feature its online mental health service on the Amazon Health Services platform. The company is generating strong growth, with the expanded reach and patient visibility further adding to its long-term potential. Climbing profitability and a solid balance sheet support a bullish outlook for the stock.
2Q 2024 Total revenue grew 29% year-over-year, driven by 62% year-over-year growth in Payor revenue Reduced GAAP Net loss to $0.5 million from $4.7 million year-over-year 2Q 2024 Adjusted EBITDA1 of $1.2 million Board approved an additional $25 million share repurchase program NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Talkspace, Inc. (“Talkspace” or the “Company”) (NASDAQ: TALK), today reported second quarter 2024 financial results. Three Months Six Months June 30, 2024 (Unaudited) Results % Variance from Prior Year Results % Variance from Prior Year (In thousands unless otherwise noted) Number of eligible lives at period end (in millions) 145.3 33 % 145.3 33 % Number of completed Payor sessions 298.6 49 % 582.8 57 % Number of Consumer active members at period end 10.7 (22 )% 10.7 (22 )% Total revenue $ 46,058 29 % $ 91,474 33 % Gross profit $ 20,951 18 % $ 42,682 24 % Gross margin % 45.5% 46.7% Operating expenses $ 24,437 1 % $ 47,847 (4 )% Net loss $ (474 ) 90 % $ (1,940 ) 86 % Adjusted EBITDA1 $ 1,179 130 % $ 1,953 119 % Cash and cash equivalents at period end $ 114,913 — $ 114,913 — (1) Adjusted EBITDA is a non-GAAP financial measure.
LONGMONT, Colo.--(BUSINESS WIRE)---- $TALK #humanresources--Talkspace, a leading provider of virtual mental health services, and Wellbeing at Work, a pioneer in employee benefits navigation, today announced a strategic partnership. This collaborative integration offers Talkspace's comprehensive digital mental health services within Wellbeing at Work's innovative benefits navigation platform, leveraging Gallup's science of wellbeing. In today's evolving landscape, employers increasingly seek integrated solutions addressi.
NEW YORK--(BUSINESS WIRE)--Talkspace and FitOn Team Up to Promote Mental Fitness and Launch First-Ever Mental Health Education Sessions In-App.
NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, today announced that management will participate in the Truist Securities Healthcare Disruptors & Digital Health Summit, being held in New York, on Tuesday, June 25, 2024, including a panel discussion on “Addressing the Mental Health Crisis" with Dr. Jon Cohen, Chief Executive Officer of Talkspace, at 10:30am ET.
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What type of business is Talkspace?
Talkspace, Inc. operates as a virtual behavioral healthcare company in the United States. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans and employee assistance programs. It provides text, audio, and video-based psychotherapy from licensed therapists. The company offers Talkspace Employee Assistance Program (EAP) and Talkspace Behavioral Health plan (BH) that provides online therapy to members through BH and EAP offerings; and Talkspace for Business for members to access its platform services on a benefit plan paid by the enterprise. It serves its platform through third-party platforms or marketplace, such as Apple App Store and Google Play App Store. Talkspace, Inc. was founded in 2012 and is headquartered in New York, New York.
What sector is Talkspace in?
Talkspace is in the Healthcare sector
What industry is Talkspace in?
Talkspace is in the Health Information Services industry
What country is Talkspace from?
Talkspace is headquartered in United States
When did Talkspace go public?
Talkspace initial public offering (IPO) was on 30 July 2020
What is Talkspace website?
https://www.talkspace.com
Is Talkspace in the S&P 500?
No, Talkspace is not included in the S&P 500 index
Is Talkspace in the NASDAQ 100?
No, Talkspace is not included in the NASDAQ 100 index
Is Talkspace in the Dow Jones?
No, Talkspace is not included in the Dow Jones index
When was Talkspace the previous earnings report?
No data
When does Talkspace earnings report?
The next expected earnings date for Talkspace is 21 February 2025