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.
TALK Ratings Summary
TALK Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission