NASDAQ$TALK

Talkspace Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Revenue grew, driven by Payor revenue increase, and net loss significantly reduced.

Talkspace reported a 29% increase in revenue for Q2 2024, driven by a 62% increase in Payor revenue. The company reduced its GAAP net loss to $0.5 million and achieved an adjusted EBITDA of $1.2 million.

  • Revenue increased by 29% year-over-year to $46.1 million.
  • Payor revenue grew by 62% year-over-year.
  • Net loss improved to $(0.5) million from $(4.7) million in the prior year.
  • Adjusted EBITDA improved to $1.2 million from $(4.0) million in the prior year.

Headline financials

Total Revenue

$46.1M

Previous: $35.6M+29.2%
EPS

$0.00

Previous: -$0.03+100.0%
Number of completed Payor sessions

298.5K

No prior period
Number of unique active Payor members

89.0K

No prior period
Adjusted EBITDA

$1.18M

No prior period
Capital Expenditures

-$40K

Previous: -$10K-300.0%
Free Cash Flow

-$514K

Previous: -$4.71M+89.1%
Net Income

-$474K

Previous: -$4.7M+89.9%
Operating Income

-$3.49M

Previous: $6.41M-154.4%
Gross Profit

$21M

Previous: $17.8M+17.6%
R&D Expense

$2.16M

No prior period

Revenue & EPS history

Talkspace · Revenue · Quarterly

$46.1M

Q2 2024+29.2%vs Q2 2023
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

Talkspace continues to expect fiscal year 2024 revenue to be in the range of $185 million to $195 million, growth of 23-30%, and adjusted EBITDA to be in the range of $4 million to $8 million.

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 2024

Historical avgQ2 2024

-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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