Talkspace announces second quarter 2023 results

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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