Talkspace, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 08:02 am EDT
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Talkspace, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 35.65 million compared to USD 29.84 million a year ago. Revenue was USD 35.65 million compared to USD 29.84 million a year ago. Net loss was USD 4.7 million compared to USD 23.02 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.15 a year ago.
For the six months, sales was USD 68.98 million compared to USD 59.99 million a year ago. Revenue was USD 68.98 million compared to USD 59.99 million a year ago. Net loss was USD 13.46 million compared to USD 43.38 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.28 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.