Talkspace, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 08:02 am EDT
Share
Talkspace, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 38.65 million compared to USD 29.33 million a year ago. Revenue was USD 68.76 million compared to USD 46.13 million a year ago. Net loss was USD 4.41 million compared to USD 17.98 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.11 a year ago.
For the nine months, sales was USD 107.63 million compared to USD 89.33 million a year ago. Revenue was USD 187.81 million compared to USD 134.46 million a year ago. Net loss was USD 17.88 million compared to USD 61.37 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.39 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. 
