NASDAQ$TALK

Talkspace Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Talkspace's third quarter performance was characterized by a significant acceleration in business-to-business revenue growth, driven by higher penetration of in-network services and new enterprise client wins, offset by an anticipated decline in business-to-consumer revenue as the company continued to optimize consumer marketing spend.

Talkspace's Q3 2022 shows an 11% increase in revenue to $29 million, driven by a 117% growth in B2B revenue, although this was partially offset by a 33% decline in B2C revenue. The net loss was $18 million, compared to a net income of $2 million in the prior-year period.

  • B2B revenue growth accelerated significantly.
  • Approximately 9 million eligible lives and 10 new enterprise accounts were added during the quarter.
  • Actions were taken to reduce operating expense run-rate and drive efficiencies.
  • Total revenue grew by 11% to $29 million.

Headline financials

Total Revenue

$29.3M

Previous: $26.4M+11.3%
EPS (adj)

-$0.11

Previous: $0.01-1200.0%
Capital Expenditures

-$254K

Previous: -$622K+59.2%
Free Cash Flow

-$18.2M

Previous: $883K-2165.3%
Net Income

-$18M

Previous: $1.51M-1294.9%
Operating Income

$19.9M

Previous: $25.2M-21.3%
Gross Profit

$14.6M

Previous: $14.2M+3.0%
Cash & Equivalents

$153M

Previous: $223M-31.5%
Total Assets

$176M

Previous: $249M-29.5%
Stock-Based Comp

$3.18M

Previous: $3.88M-18.0%

Revenue & EPS history

Talkspace · Revenue · Quarterly

$29.3M

Q3 2022+11.3%vs Q3 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 earnings report.

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 Q3 2022

Historical avgQ3 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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