NASDAQ$TALK
Talkspace Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Revenue increased driven by B2B growth, net loss reduced, and operating expenses decreased.
Talkspace reported a 32% increase in revenue to $38.6 million, driven by a 79% increase in B2B revenue. The net loss improved to $4.4 million, and operating expenses decreased by 30% year-over-year. The company is focused on expanding its clinical network and improving access and quality metrics.
- Revenue increased 32% year-over-year to $38.6 million.
- B2B revenue grew 79% year-over-year, while consumer revenue declined by 32%.
- Operating expenses decreased by 30% year-over-year to $24.0 million.
- Net loss improved to $4.4 million from $18.0 million in the third quarter of 2022.
Headline financials
Revenue & EPS history
Talkspace · Revenue · Quarterly
$38.6M
Revenue by segment
Talkspace · $9.07M total across 1 segment · Q2 2023
- Consumer revenue$9.07M—100.0%
Forward guidance
Talkspace expects revenue to be approximately $146 million and adjusted EBITDA loss to be in the range of $(16) million to $(17) million for the fiscal year 2023. The company expects to reach break-even Adjusted EBITDA by the end of the first quarter of 2024, with a cash balance of approximately $120 million.
Tailwinds
- Revenue to be approximately $146 million, improved from previous expectations of $137 million to $142 million.
- Adjusted EBITDA loss to be in the range of $(16) million to $(17) million, narrowed from previous expectations of $(16) million to $(19) million.
- Company expects to reach break-even Adjusted EBITDA by the end of the first quarter of 2024.
- Company expects a cash balance of approximately $120 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 Q3 2023
-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
| Quarter | Report date | Reaction (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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