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.

Earnings data Q2 2021

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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.

Talkspace (TALK) CEO Oren Frank on Q2 2021 Results - Earnings Call Transcript

Q2 Net revenue grew 73% year-over-year to approximately $31 million

Talkspace Reports Second Quarter 2021 Results

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NEW YORK--(BUSINESS WIRE)--Talkspace, Inc. (Nasdaq: TALK) today announced the appointment of Erin Boyd as Chief Growth Officer, Enterprise, effective August 2nd, 2021.

Erin Boyd to Join Talkspace as Chief Growth Officer, Enterprise

NEW YORK, July 28, 2021 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading virtual behavioral healthcare company, today announced that Oren Frank, Co-Founder and CEO, Mark Hirschhorn, President and Chief Operating Officer, and Jennifer Fulk, Chief Financial Officer, will participate in the 41st Annual Canaccord Genuity Growth Conference including a presentation on Wednesday, August 11, 2021 at 3:00 p.m. ET. A live webcast and a replay of the presentation will be available at https://investors.talkspace.com/.

Talkspace to Participate in the 41st Annual Canaccord Genuity Growth Conference

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, will release its 2021 second quarter financial results on Monday, August 9, 2021, after market close. In conjunction, the company will host a conference call to review the results at 5 p.m. E.T.

Talkspace to Report Second Quarter 2021 Results and Host Conference Call

NEW YORK--(BUSINESS WIRE)--Talkspace, Inc. ("Talkspace") (Nasdaq: TALK), a leading virtual behavioral healthcare company, announced today the appointment of Jennifer Fulk as Chief Financial Officer, effective July 26, 2021. Jennifer joins Talkspace from Eli Lilly, where she held a variety of senior roles in finance, strategy and investor relations. Mark Hirschhorn, current Chief Financial Officer for Talkspace, will continue to serve as President and Chief Operating Officer. Jennifer brings mor

Talkspace Appoints Jennifer Fulk as Chief Financial Officer

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NEW YORK--(BUSINESS WIRE)--Talkspace today announced the launch of the Talkspace Access Project, a new initiative aimed at increasing access to therapy and mental health resources for underserved communities. In partnership with pop culture icon and mental health advocate Demi Lovato, the program offers a donation fund of 1,000 free months of therapy. The Loveland Foundation, an organization created to bring opportunity and healing to communities of color, especially to Black women and girls, w

Talkspace Partners with Demi Lovato to Launch Initiative Providing Free Therapy to Underserved Communities

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