NASDAQ$TALK

Talkspace Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Talkspace's second quarter performance reflected strong B2B revenue growth and continued improvement in B2C operating performance and profitability.

Talkspace's Q2 2022 results showed a 4% decrease in revenue to $30 million, driven by a 47% growth in B2B revenue offset by a 28% decline in B2C revenue. Net loss narrowed to $(23) million, compared to $(30) million in the prior-year period. The company is focused on operational priorities and disciplined resource allocation to enhance cash flow.

  • Revenue declined 4% to $30 million due to B2C revenue decline offsetting B2B revenue growth.
  • B2B revenue increased by 47% due to gains in eligible lives and enterprise clients.
  • Gross profit decreased by 25% to $15 million, with gross margin declining to 49%.
  • Net loss narrowed to $(23) million, driven primarily by lower stock-based compensation.

Headline financials

Total Revenue

$29.8M

Previous: $31M-3.7%
EPS (adj)

-$0.15

Previous: -$1.15+87.0%
Capital Expenditures

-$160K

Previous: -$449K+64.4%
Free Cash Flow

-$23.2M

Previous: -$30.9M+25.0%
Net Income

-$23M

Previous: -$30.4M+24.4%
Operating Income

-$21.1M

Previous: -$27.6M+23.6%
Gross Profit

$14.5M

Previous: $19.3M-24.6%
Cash & Equivalents

$167M

Previous: $248M-32.9%
Total Assets

$187M

Previous: $270M-30.6%
Stock-Based Comp

$3.84M

Previous: $15.2M-74.7%

Revenue & EPS history

Talkspace · Revenue · Quarterly

$29.8M

Q2 2022-3.7%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Talkspace · $9.07M total across 1 segment · Q2 2023

  • Consumer revenue
    $9.07M

Forward guidance

No forward guidance provided in the release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.1%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+5.5%

Avg return

30 days after

48%

10 / 21 earnings

Positive

+23.2%

Q2 2023

Best reaction

-38.3%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%-0.2%+0.4%
Q4 2025+22.4%+14.8%+30.8%
Q3 2025+4.3%+20.9%+22.0%
Q1 2025+1.0%-3.5%+3.8%
Q4 2024-14.8%-23.8%-27.5%
Q3 2024+17.8%+16.7%+29.0%
Q2 2024-4.5%-4.5%+6.2%
Q1 2024-16.4%-11.6%-17.0%
Q4 2023+17.9%+23.1%+52.6%
Q3 2023-10.0%-11.1%+26.1%
Q2 2023+23.2%+21.8%+12.0%
Q1 2023+8.4%+7.5%+33.0%
Q4 2022-7.5%-5.5%-25.6%
Q3 2022+7.3%+17.5%+4.4%
Q2 2022-17.2%-14.6%-32.3%
Q1 2022-4.3%-7.1%+25.7%
Q4 2021+4.2%+4.2%+19.6%
Q3 2021-38.3%-36.0%-45.1%
Q2 2021-15.7%-8.0%-9.3%
Q4 2020-0.1%+0.9%-0.1%
Q3 2020-0.3%+0.5%+7.7%

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