B2b payor revenue grew 135% year-over-year 2q 2023 operating expenses of $24.2 million, down 32% year-over-year reduced net loss to $4.7 million and adjusted ebitda 1 loss to $4.0 million, down 80% and 77% year-over-year, respectively raises fy 2023 revenue and adjusted ebitda guidance; reaffirms break-even by end of 1q 2024 new york, july 27, 2023 (globe newswire) -- talkspace, inc. (nasdaq: talk), today reported second quarter 2023 financial results. three months six months period ended june 30, 2023 (unaudited) results variance fromprior year % results variance fromprior year % (in thousands unless otherwise noted) number of b2b eligible lives at period end (in millions) 110 42% 110 42% number of completed b2b sessions 200.5 109% 372.2 100% number of consumer active members at period end 13.7 (32)% 13.7 (32)% total revenue $35,645 19% $68,981 15% gross profit $17,812 22% $34,560 17% gross margin % 50.0% 50.1% operating expenses $24,220 (32)% $50,007 (30)% net loss $(4,704) 80% $(13,462) 69% adjusted ebitda1 $(3,977) 77% $(10,407) 71% cash and cash equivalents at period end $126,104 — $126,104 — (1) adjusted ebitda is a non-gaap financial measure.
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