Talkspace announces fourth quarter and full year 2023 results

4q 2023 payor revenue grew 138% year-over-year 4q 2023 operating expenses of $23.6 million, down 37% year-over-year 4q 2023 net loss of $1.3 million; adjusted ebitda 1 loss of $0.3 million, an improvement of 97% year-over-year provides 2024 guidance with revenue $185-$195 million and adjusted ebitda 1 $4-$8 million announces initial share repurchase program of $15m new york, feb. 22, 2024 (globe newswire) -- talkspace, inc. (nasdaq: talk), today reported fourth quarter and full year 2023 financial results.     three months   full year unaudited     year ended december 31, 2023   results   variance from prior year %   results   variance from prior year % (in thousands unless otherwise noted)                 number of eligible lives at year end (in millions)     131       42%       131       42%   number of completed payor sessions     249.8       95%       850.6       99%   number of consumer active members at year end     11.7       (24)%       11.7       (24)%                     total revenue   $42,418       40%     $150,045       25%   gross profit   $20,971       30%     $74,380       23%   gross margin %     49.4%           49.6%       operating expenses   $23,554       (37)%     $97,589       (32)%   net loss   $(1,306)       93%     $(19,182)       76%   adjusted ebitda1   $(306)       97%     $(13,529)       77%   cash and cash equivalents at year end   $123,908       —     $123,908       —   (1) adjusted ebitda is a non-gaap financial measure.
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