Talkspace reports Q3 EPS 2c, consensus 2c

Reports Q3 revenue $59.381M, consensus $57.45M. Dr. Jon Cohen, CEO of Talkspace (TALK), said, “I’m pleased with the work our team accomplished this quarter to drive positive momentum through product enhancements, new marketing strategies, and additional payor partnerships. These efforts helped to deliver record quarterly revenue of $59.4 million, while further accelerating year-over-year growth of payor sessions by 37% and active payor members by 29%. Our focus on broadening our suite of mental health services, particularly through our recently announced acquisition of Wisdo Health, and the progress we have made with our AI initiatives will help to ensure that Talkspace can deliver on our mission of bringing affordable behavioral health access to more members.”