B2b payor revenue grew 132% year-over-year 3q 2023 operating expenses of $24.0 million, down 30% year-over-year reduced net loss to $4.4 million and adjusted ebitda 1 loss to $2.8 million, an improvement of 75% and 82% year-over-year, respectively new york, nov. 02, 2023 (globe newswire) -- talkspace, inc. (nasdaq: talk), today reported third quarter 2023 financial results. three months nine months period ended september 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) 113 31% 113 31% number of completed b2b sessions during the period 228.6 105% 600.8 102% number of consumer active members at period end 13.3 (26)% 13.3 (26)% total revenue $38,646 32% $107,627 20% gross profit $18,849 29% $53,409 21% gross margin % 48.8% 49.6% operating expenses $24,028 (30)% $74,035 (30)% net loss $(4,414) 75% $(17,876) 71% adjusted ebitda1 $(2,800) 82% $(13,223) 74% cash and cash equivalents at period end $125,332 — $125,332 — (1) adjusted ebitda is a non-gaap financial measure.
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