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Talkspace (TALK)
NASDAQ:TALK
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 09, 2021
|% Change Since: 12.27%
|Next Earnings Date:May 18, 2021
Earnings Call Sentiment|Positive
The earnings call reflects a strong overall performance with significant revenue growth driven by the Payor segment and strategic partnerships. While there are some declines in the consumer and direct-to-enterprise segments, the company's focus on expanding into new markets and forming strategic partnerships is expected to drive future growth.Company Guidance
During the Talkspace Q3 2024 earnings call, management provided guidance on several key metrics reflecting strong business performance and strategic progress. Revenue for the third quarter increased by 23% year-over-year, reaching $47.4 million. The company achieved its third consecutive profitable quarter, with adjusted EBITDA at $2.4 million, marking a sequential increase of approximately 100%. The Payor segment, the largest revenue category, saw a 45% year-over-year growth, contributing $32 million to the total revenue, while total covered lives expanded to nearly 160 million, a 40% increase year-over-year. Furthermore, Talkspace reaffirmed its 2024 financial guidance, projecting revenue between $185 million and $195 million, and adjusted EBITDA ranging from $4 million to $8 million for the full year. The company also highlighted its strategic initiatives, including its recent Medicare and military segment expansions and a promising partnership with Amazon Health Services, aimed at leveraging its national footprint to drive future growth.Strong Revenue Growth
Revenue increased by 23% year-over-year to $47.4 million. The company achieved its third consecutive profitable quarter with an adjusted EBITDA of $2.4 million.
Payor Segment Expansion
The Payor segment grew 45% year-over-year, with total covered lives reaching nearly 160 million, a 40% increase year-over-year.
Expansion into New Markets
Talkspace is now CMS approved in 40 states and live in 30 states, expanding access to Medicare beneficiaries. The company also launched TRICARE East, covering 6 million military lives.
Strategic Partnerships
Partnerships with Amazon Health Services and Wisdo to increase awareness and reach, including a pilot program with the U.S. Navy covering 25,000 sailors and their dependents.
Direct-to-Enterprise Growth
Revenue from the direct-to-enterprise segment increased by 17% year-over-year to $9.4 million, with significant interest from municipalities and school districts.
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TALK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TALK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $2.69 | $3.18 | +18.22% |
| Aug 06, 2024 | $1.77 | $1.74 | -1.69% |
| May 07, 2024 | $3.18 | $2.69 | -15.41% |
| Feb 22, 2024 | $2.34 | $2.76 | +17.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Talkspace (TALK) report earnings?
Talkspace (TALK) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Talkspace (TALK) earnings time?
Talkspace (TALK) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TALK EPS forecast?
TALK EPS forecast for the fiscal quarter 2024 (Q4) is <0.01.
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