Talkspace, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 22, 2024 at 08:01 am EST
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Talkspace, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 42.42 million compared to USD 30.24 million a year ago. Revenue was USD 42.42 million compared to USD 30.24 million a year ago. Net loss was USD 1.31 million compared to USD 18.31 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.11 a year ago.
For the full year, sales was USD 150.05 million compared to USD 119.57 million a year ago. Revenue was USD 150.05 million compared to USD 119.57 million a year ago. Net loss was USD 19.18 million compared to USD 79.67 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.51 a year ago.
Talkspace, Inc. is a behavioral healthcare company, which offers access to a fully credentialed network of licensed therapists, psychologists and psychiatrists. Through its platform, the Company provides psychotherapy and psychiatry services to individuals, enterprises and health plans through both business-to-business (B2B) and business-to-customer (B2C) channels. In psychotherapy or talk therapy, members work with a licensed therapist or counsellor to treat specific mental health conditions, such as depression or anxiety, trauma and other human challenges, including by developing positive thinking and coping skills. In psychotherapy, the Company offers text, audio and video-based psychotherapy from licensed therapists. In psychiatry, members receive personalized, care from a prescriber who specializes in mental healthcare and prescription management. The Company offers its members a robust ecosystem for end-to-end behavioral healthcare.
TALKSPACE, INC. 
