NASDAQ$TALK

Talkspace Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Talkspace's Q4 2022 results showed progress against strategic priorities, with expansion in B2B and DTE categories, reduced costs, and optimized marketing efforts.

Talkspace reported a 4% increase in revenue to $30.2 million for Q4 2022, driven by a 52% increase in B2B revenue year-over-year. The company's net loss was $18.3 million, and adjusted EBITDA loss was $8.9 million, down 43% sequentially. The company provides FY 2023 revenue and adjusted EBITDA guidance.

  • B2B payor sessions grew 56% year-over-year in FY 2022.
  • Q4 2022 run-rate operating expenses were $25.4 million, down approximately $9 million year-over-year.
  • Q4 2022 net loss was $18.3 million, with an adjusted EBITDA loss of $8.9 million, a 43% sequential decrease.
  • FY 2023 revenue and adjusted EBITDA guidance were provided.

Headline financials

Total Revenue

$30.2M

Previous: $29.2M+3.7%
EPS (adj)

-$0.04

Previous: -$0.14+71.4%
Capital Expenditures

$96K

Previous: $41K+134.1%
Free Cash Flow

-$14.3M

Previous: -$24.6M+41.9%
Net Income

-$18.3M

Previous: -$21.1M+13.1%
Operating Income

-$21M

Previous: -$28.6M+26.4%
Gross Profit

$16.2M

Previous: $16M+1.3%
Cash & Equivalents

$139M

Previous: $198M-30.1%
Total Assets

$156M

Previous: $224M-30.1%
Stock-Based Comp

$2.73M

Previous: $6.82M-60.0%

Revenue & EPS history

Talkspace · Revenue · Quarterly

$30.2M

Q4 2022+3.7%vs Q4 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

For the Fiscal Year 2023, Talkspace expects revenue to be in the range of $125 million to $135 million and adjusted EBITDA loss to be in the range of $(32) million to $(28) million.

Tailwinds

  • Revenue to be in the range of $125 million to $135 million

Headwinds

  • Adjusted EBITDA loss to be in the range of $(32) million to $(28) 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 Q4 2022

Historical avgQ4 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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