Talkspace announces second quarter 2024 results

2q 2024 total revenue grew 29% year-over-year, driven by 62% year-over-year growth in payor revenue reduced gaap net loss to $0.5 million from $4.7 million year-over-year 2q 2024 adjusted ebitda1 of $1.2 million board approved an additional $25 million share repurchase program new york, aug. 06, 2024 (globe newswire) -- talkspace, inc. (“talkspace” or the “company”) (nasdaq: talk), today reported second quarter 2024 financial results.     three months   six months       june 30, 2024 (unaudited)   results   % variance from prior year   results   % variance from prior year (in thousands unless otherwise noted)                 number of eligible lives at period end (in millions)     145.3     33 %     145.3     33 % number of completed payor sessions     298.6     49 %     582.8     57 % number of consumer active members at period end     10.7     (22 )%     10.7     (22 )%                   total revenue   $ 46,058     29 %   $ 91,474     33 % gross profit   $ 20,951     18 %   $ 42,682     24 % gross margin %     45.5%           46.7%       operating expenses   $ 24,437     1 %   $ 47,847     (4 )% net loss   $ (474 )   90 %   $ (1,940 )   86 % adjusted ebitda1   $ 1,179     130 %   $ 1,953     119 % cash and cash equivalents at period end   $ 114,913     —     $ 114,913     —                                 (1) adjusted ebitda is a non-gaap financial measure.
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