Talkspace announces third quarter 2023 results

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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