NASDAQ$TALK

Talkspace Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Talkspace experienced revenue growth, reduced operating expenses, and improved net loss.

Talkspace reported a 40% increase in revenue to $42.4 million, driven by a 138% increase in Payor revenue. Operating expenses decreased by 37% year-over-year, and the net loss improved to $1.3 million. The company provided 2024 revenue guidance of $185-$195 million and adjusted EBITDA of $4-$8 million and announced a share repurchase program of $15 million.

  • Revenue increased 40% year-over-year to $42.4 million, driven by Payor revenue growth.
  • Payor revenue grew 138% year-over-year.
  • Operating expenses decreased 37% year-over-year to $23.6 million.
  • Net loss improved to $1.3 million, compared to a net loss of $18.3 million in the prior year.

Headline financials

Total Revenue

$42.4M

Previous: $30.2M+40.3%
EPS (adj)

-$0.01

Previous: -$0.04+75.0%
Number of completed Payor sessions

249.8K

No prior period
Capital Expenditures

-$131K

Previous: $96K-236.5%
Net Income

-$1.31M

Previous: -$18.3M+92.9%
Operating Income

-$2.58M

Previous: -$21M+87.7%
Gross Profit

$21M

Previous: $16.2M+29.7%
Stock-Based Comp

$1.99M

Previous: $2.73M-27.0%

Revenue & EPS history

Talkspace · Revenue · Quarterly

$42.4M

Q4 2023+40.3%vs Q4 2022
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 2024 Talkspace expects revenue to be in the range of $185 million to $195 million, 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 Q4 2023

Historical avgQ4 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

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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