Talkspace

Talkspace, Inc. is the virtual behavioral healthcare company committed to making care more effective, accessible, and convenient. Talkspace addresses the challenges of traditional mental healthcare by combining effective clinical solutions with technology designed for present day. The platform is powered by a diverse team of certified mental health specialists in every state providing therapy and psychiatric treatment for individuals, couples, and adolescents. Talkspace therapists meet clients where they are, on their schedules, on any device, via chat, voice, and video. All care is delivered through an easy-to-use and fully encrypted web and mobile platform, consistent with HIPAA and other state regulatory requirements. More than two million people have used Talkspace. Talkspace for Business, the enterprise division of Talkspace. Existing relationships include employers, schools, and the nation's largest health care plans, including an in-network provider agreement with Cigna. The company was founded by Frank Roni and Frank Oren in 2012 and is headquartered in New York, NY.

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Talkspace reports Q4 revenue growth, eyes breakeven by 2024

Talkspace's Q4 2022 performance showed revenue growth and strategic focus on expanding business segments and revenue streams.
While facing challenges such as consumer revenue decline and financial losses, the company aims for breakeven by the first half of 2024.
Opportunities lie in leveraging increased demand for mental health services, expanding into new business segments, and enhancing service quality through AI tools.

Talkspace reports robust Q1 growth, eyes profitability by Q1 2024

Talkspace's Q1 2023 performance reflects strong revenue growth and progress towards profitability, underpinned by strategic initiatives and market expansion.
While facing challenges in areas like DTC stabilization and cost management, Talkspace's revised guidance and market positioning indicate a path towards sustained growth.
The company's focus on payer revenue, provider relationships, and operational efficiency aligns with opportunities in the growing mental health services market, positioning Talkspace for future success.

Talkspace reports robust Q2 earnings, eyes growth in mental health

Talkspace's Q2 2023 earnings call showcased strong financial performance, marked by revenue growth and achieving cash flow positivity. The company's strategic initiatives aim to drive growth, enhance market positioning, and achieve profitability through operational excellence. While facing challenges like declining DTE business, Talkspace is well-positioned to capitalize on opportunities in the mental health services market.

Talkspace reports robust Q3 earnings, eyes profitability by Q1 2024

Talkspace's strong performance in Q3 2023 reflects its commitment to growth and innovation in the digital mental health space, with revenue and EBITDA improvements.
While facing challenges in achieving profitability, the company's strategic focus on payer revenue growth and operational efficiency sets a clear path to sustainable success.
With raised revenue guidance, a roadmap to breakeven EBITDA, and promising opportunities ahead, Talkspace is poised for continued growth and market leadership.

Talkspace reports robust 2023 results, eyes growth through payer strategy

Talkspace's strong financial performance in 2023, coupled with strategic initiatives and partnerships, sets a positive trajectory for the company. Challenges in consumer spending are being addressed through successful business pivots, while opportunities in payer coverage and brand presence offer avenues for growth.

Talkspace reports profitable Q1, eyes Medicare expansion for growth

Talkspace delivered a strong Q1 performance, achieving its first profitable quarter and demonstrating robust revenue growth in the payer category.
The company's strategic initiatives, including Medicare expansion, provider network growth, and diversified partnerships, position it well for future growth.
While facing challenges in managing costs and market competition, Talkspace's focus on profitability and expansion opportunities present avenues for sustained success.
With a solid financial position, continued investments in AI capabilities, and reaffirmed guidance, Talkspace shows confidence in its ability to navigate challenges and capitalize on growth opportunities.

Talkspace reports robust Q2 earnings, eyes growth through strategic initiatives

Talkspace delivered strong financial results in Q2 2024, with notable revenue growth and profitability, driven by expanding payor revenue and successful initiatives in key segments.
The company's strategic focus on enhancing patient care, building partnerships, and strengthening its leadership team positions Talkspace for continued success and differentiation in the competitive telehealth market.
While facing challenges in scaling operations and managing costs, Talkspace has opportunities to leverage its unique strengths, partnerships, and market positioning to drive growth and innovation.

Talkspace reports robust Q3 earnings, eyes strategic partnerships for growth

Talkspace's Q3 performance reflects strong revenue growth and strategic partnerships, positioning the company for continued expansion.
While facing challenges in optimizing marketing efforts and balancing growth initiatives, Talkspace's focus on data-driven strategies and value-based care contracting presents opportunities for future growth.
Overall, Talkspace's commitment to diverse market segments, operational efficiency, and revenue guidance reaffirm its position as a key player in the telehealth industry.

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Talkspace, Inc. engages in the operation and development of a technology platform used in connecting patients to licensed mental health professionals through messaging, video, and audio. The company was founded by Frank Roni and Frank Oren in 2012 and is headquartered in New York, NY.

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.

Talkspace to Participate in 3rd Annual Needham Virtual Health Tech Conference

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Trump Wins: 3 Stocks Poised to Benefit (PLTR, TSLA, TALK)

NEW YORK--(BUSINESS WIRE)--Today, Talkspace (NASDAQ: TALK), a leading online behavioral health care company, launched a new campaign for Men's Health Awareness Month, commonly known as Movember. The “Look Who's Talking” campaign features testimonials from Talkspace members, including brand ambassador and longtime mental health advocate Michael Phelps, and highlights an emerging trend of men candidly discussing mental health challenges. The campaign shows how men are rewriting the playbook for h.

Talkspace Launches Campaign for Men's Health Awareness Month Featuring Talkspace Members Opening up About the Importance of Mental Health

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: Jumpstarting Momentum As Payor Programs Expand

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.

Talkspace, Inc. (TALK) Q4 2024 Earnings Call Transcript

TALK collaborates with Wisdo Health to enhance mental health support for seniors, addressing loneliness and improving access to care for the 65+ community.

Talkspace Shares Decline Despite Partnership With Wisdo Health

NEW YORK--(BUSINESS WIRE)--Talkspace (NASDAQ: TALK), a leading online behavioral health care company, today announced a strategic partnership with Wisdo Health, a clinically-proven and AI-powered social health and peer support platform focused on combating loneliness. This collaboration aims to improve access to mental health resources for the 65+ community, while also reducing healthcare costs, increasing member engagement, and addressing the growing mental health crisis that is prevalent amon.

Talkspace Teams Up with Wisdo Health to Tackle Loneliness amongst Older Adults 65+

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 to Report Third Quarter 2024 and Host Conference Call

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: Payor Penetration Driving Key Growth

NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Talkspace (NASDAQ: TALK) – a leading online behavioral health company – was named by Crain's New York Business as one of the publication's “2024 Best Places to Work.”

Talkspace Recognized as one of Crain's 2024 Best Places to Work in NYC

Amazon will help consumers check their insurance when using Talkspace. That should drive more revenue to the virtual health services provider.

1 Big New Reason to Buy Talkspace Stock, and 1 Reason to Avoid It

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.

Talkspace Stock: Amazon Partnership Is A Game Changer

Talkspace is a leading virtual behavioral healthcare provider. The company is home to 5,700 therapists helping to serve over 145 million covered lives.

Why Talkspace Stock Soared 16% Today

Talkspace Inc (NASDAQ: TALK) saw its stock jump over 12% in premarket trading today, following the announcement of a significant partnership with Amazon Health Services. The online mental health care provider will now offer its services through Amazon's platform, greatly expanding its reach to potential clients.

Why is Talkspace stock (TALK) surging today?

NEW YORK--(BUSINESS WIRE)--Talkspace (NASDAQ: TALK), a leading online behavioral health care company, today announced a partnership with Amazon Health Services to increase awareness and discoverability of its mental health care services on Amazon.com. Talkspace is the first virtual behavioral health provider to join Amazon Health Services' program to help individuals discover and enroll in their health insurance benefits at no extra cost or for a small copay. With more than 5,000 therapists and.

Talkspace Partners With Amazon Health Services to Help Millions Discover Mental Health Benefits

NEW YORK--(BUSINESS WIRE)--Talkspace, a leading online behavioral health care company, announced it will bolster its teen offerings through the launch of Teenspace Community, a product built into its existing platform that allows teens to talk and share in a safe forum and connect with other teens anonymously. Additionally, Talkspace has entered into partnerships with BeMe, a leading digital platform focused on adolescent one-to-one coaching, and PM Pediatric Care, a leading national pediatric.

Talkspace Expands Its Specialized Support for Teens with Launch of New Peer-to-Peer Community Product

Upgrading Talkspace to a strong buy, as the stock has fallen to a valuation below

Talkspace: Strong Growth And New Buybacks Make This A Clear Buy (Rating Upgrade)

Shares have underperformed this year, despite solid results from the underlying business. Revenue growth remains strong as the company has significantly expanded the number of consumers who have access to its offerings. I forecast a 21% increase in revenue for next year, bringing it to $230 million, with adjusted EBITDA expected to reach $19 million.

Talkspace: Attractively Valued With A Promising Outlook For Profitable Growth

Talkspace, Inc. (NASDAQ:TALK ) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Jeannine Feyen – Director-Communications Jon Cohen – Chief Executive Officer Ian Harris – Chief Financial Officer Conference Call Participants Stephanie Davis – Barclays Lucas Hunt – TD Cowen Jack Senft – William Blair Ryan MacDonald – Needham Operator Thank you for standing by. My name is Kathleen and I will be your conference operator today.

Talkspace, Inc. (TALK) Q2 2024 Earnings Call Transcript

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.

Talkspace Announces Second Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--Talkspace (NASDAQ: TALK), a leading online behavioral health company, is now available to Humana Military (TRICARE East) recipients as an in-network benefit. Eligible members, including their partners and teen dependents (13+), can now receive therapy from a licensed clinician or psychiatric services (18+) from a Board-certified psychiatrist or psychiatric nurse practitioner–all virtually and privately. As active-duty military service members continue to be deployed,.

Talkspace Announces New In-Network Agreement with Humana Military (TRICARE East)

NEW YORK--(BUSINESS WIRE)--Talkspace (NASDAQ: TALK), a leading online behavioral health company, today released the results of its second annual New Normalization survey. This year's report titled, “In Our Normalization Era,” found that openness around mental health conversations continues to grow across all generations, with respondents significantly more open to discussing their mental health than they were five years ago. It also revealed that expectations for mental health support from empl.

In Our Normalization Era: Talkspace's Second Annual Survey Validates Surge in Mental Health Openness and Calls for Greater Mental Health Care Access Across Generations

NEW YORK--(BUSINESS WIRE)--Talkspace (NASDAQ: TALK), a leading online behavioral health care company, today announced the formation of the dedicated AI Innovation Group aimed at advancing provider efficiency, and enhancing clinical quality and overall operational excellence through responsible and ethical use of artificial intelligence. Created in partnership with Talkspace's Clinical Quality and Security and Compliance teams, this initiative marks the next iteration of Talkspace's maturing AI.

Talkspace Launches Dedicated AI Innovation Group to Advance Provider Efficiency and Enhance Clinical Quality and Operations

NEW YORK--(BUSINESS WIRE)--Today, Talkspace, a leading online behavioral health care company, announced it will team up with FlexIt, the leader in virtual personal wellness, delivering personal training, nutrition, yoga, and more. Together, they will bring a series of free IRL outdoor fitness classes led by FlexIt's talented coaches to New York City's five boroughs this summer. The classes are open to all to promote and support teen wellness in the community. “We are inspired by how many young.

Mental Wellness Meets Fitness: Talkspace and FlexIt Partner to Bring Expanded Virtual Wellness to Their Members and Free Summer Fitness Classes to All Five Boroughs for #TeenTuesdays

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.

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