Talkspace announces first quarter 2024 results

1q 2024 total revenue grew 36% year-over-year 1q 2024 payor revenue grew 92% year-over-year reduced gaap net loss to $1.5 million from $8.8 million year-over-year delivers first profitable quarter with adjusted ebitda 1 of $0.8 million new york, may 07, 2024 (globe newswire) -- talkspace, inc. (nasdaq: talk), today reported first quarter 2024 financial results.     three months       three months ended march 31, 2024 (unaudited)   results   % variance from prior year (in thousands unless otherwise noted)         number of eligible lives at period end (in millions)     131.4     34% number of completed payor sessions     284.2     65% number of consumer active members at period end     11.1     (26)%           total revenue     $45,416     36% gross profit     $21,731     30% gross margin %     47.8%     operating expenses     $23,410     (9)% net loss     $(1,466)     83% adjusted ebitda1     $774     112% cash and cash equivalents at period end     $120,278     —               (1) adjusted ebitda is a non-gaap financial measure.
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