TalkspaceNASDAQ: TALK

NEW YORK, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, today announced that Dr. Jon Cohen, Chief Executive Officer, and Ian Harris, Chief Financial Officer, will participate in the 3rd Annual Needham Virtual Health Tech 1x1 Conference, being held on Wednesday, November 20, 2024.

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.