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Talkspace (TALK)
NASDAQ:TALK
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.01Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -22.28%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlights strong revenue growth and strategic expansions into Medicare and military segments, along with notable partnerships like Amazon Health Services. However, there are challenges such as a decline in consumer revenue and pressure on gross margins. Overall, the positive achievements, especially in revenue growth and strategic partnerships, outweigh the lowlights.Company Guidance
During the Talkspace Third Quarter 2024 Earnings Conference Call, the guidance provided highlighted several key metrics and strategic initiatives. The company reported a year-over-year revenue increase of 23% to $47.4 million and a third consecutive profitable quarter with an adjusted EBITDA of $2.4 million. The payor segment, Talkspace's largest revenue category, grew by 45% year-over-year, contributing significantly to the company's financial success. The total covered lives expanded to nearly 160 million, a 40% increase from the previous year, and total sessions rose by 38% year-over-year to 316,000. The company announced its expansion into Medicare Advantage and its ongoing efforts to become in-network for all Medicare beneficiaries, currently CMS approved in approximately 40 states. Additionally, Talkspace launched services for military personnel through TRICARE East and initiated a pilot program with the U.S. Navy. Furthermore, Talkspace partnered with Amazon Health Services, enhancing its market reach and discoverability. The company reaffirmed its 2024 guidance, projecting revenue between $185 million and $195 million and maintaining an adjusted EBITDA of $4 million to $8 million for the year.Strong Revenue Growth
For the third quarter, revenue increased 23% year-over-year to $47.4 million and adjusted EBITDA was $2.4 million, marking the third consecutive profitable quarter. The largest revenue category, payor, grew 45% year-over-year.
Expansion in Medicare and Military Segments
Talkspace is now CMS approved in approximately 40 states and live in 30 states for Medicare, and launched TRICARE East in August, covering 6 million active duty and retired military lives.
Partnerships and Innovations
Talkspace announced a launch with Amazon Health Services and a new Direct to Enterprise pilot program with the U.S. Navy. They also reported a new partnership with Wisdo, an AI-driven social health platform.
Recognition and Team Success
Talkspace was recognized as one of Crain’s 2024 best places to work in New York City for the second consecutive year.
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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 |
|---|---|---|---|
| Feb 20, 2025 | $3.86 | $3.29 | -14.77% |
| 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% |
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 May 06, 2025, TBA Not Confirmed.
What is Talkspace (TALK) earnings time?
Talkspace (TALK) earnings time is at May 06, 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 2025 (Q1) is <0.01.
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