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Talkspace, Inc. - $TALK STOCK NEWS

Welcome to our dedicated page for Talkspace news (Ticker: $TALK), a resource for investors and traders seeking the latest updates and insights on Talkspace stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Talkspace's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Talkspace's position in the market.

Rhea-AI Summary

On the International Day of Action for Women's Health, Talkspace (NASDAQ: TALK) and Ovia Health by Labcorp announced the formation of the Women's Health Coalition for Digital Solutions.

This coalition includes founding members such as Conceive, Evernow, FitOn, Nurx, Cove, and Nutrium. The coalition aims to leverage technology and collaboration to enhance women's healthcare, focusing on access, affordability, and holistic care in the workplace.

The initiative addresses significant disparities between men's and women's healthcare costs, highlighting that out-of-pocket expenses for employed women are $15 billion higher annually. The coalition will advocate for better workplace benefits, promote awareness, and foster innovation in women's health technology.

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-1.05%
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Rhea-AI Summary

Talkspace (NASDAQ: TALK), a leading online behavioral health company, announced the appointment of Ian Harris as the new CFO, replacing Jennifer Fulk. Fulk will assist with the transition while spending time with family. Dr. Jon Cohen, CEO of Talkspace, praised Fulk for leading the company to its first profitable quarter. Harris, with a strong background in investment and healthcare sectors, will focus on scaling the company and driving shareholder value. Harris has previously worked at Hudson Executive Capital and Barclays Capital, and holds degrees in Economics and International Relations from Brown University.

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Talkspace, Inc. (NASDAQ: TALK) reported first quarter 2024 financial results, showcasing a 36% year-over-year revenue growth, a 92% increase in Payor revenue, and a reduction in GAAP Net loss to $1.5 million from $8.8 million year-over-year. The company achieved its first profitable quarter with Adjusted EBITDA of $0.8 million. Total revenue reached $45.4 million, gross profit increased to $21.7 million, and operating expenses decreased by 9%. Talkspace's financial guidance for the full fiscal year 2024 remains unchanged, with revenue expected to be in the range of $185 million to $195 million and adjusted EBITDA in the range of $4 million to $8 million.

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Talkspace has launched a Behavioral Health Consortium, connecting insured members with specialty care providers for higher acuity needs like alcoholism, substance use, and eating disorders. The initiative aims to address the gap in mental health care by offering in-network specialized services to patients. With a vast network covering over 130 million lives, Talkspace is focusing on enhancing access to comprehensive, whole-person care.

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Talkspace, a leading behavioral healthcare company, will report its first quarter 2024 results on May 7, 2024. The company will host a conference call to discuss the results at 8:30 a.m. ET. Investors can access the call via webcast or phone. A replay will be available for 90 days.
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Talkspace's ROI Calculator has been certified by Validation Institute, enabling employers to measure the impact of offering virtual mental health services more accurately. The report validates potential employer savings in medical, time, and absenteeism areas, showcasing the benefits of investing in mental health benefits for a healthier and more productive workforce.
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Talkspace launches Health Collective, a wellness ecosystem with vetted resources and strategic partnerships to expand access to high-quality care. The platform offers free resources and benefits across the health spectrum, focusing on holistic care and diverse needs of clients and patients.
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Wheel integrates Talkspace, Cost Plus Drugs, and Health Gorilla into its virtual care ecosystem to enhance patient access and care quality. Consumers prioritize convenience in healthcare, leading to increased demand for virtual care options. The collaboration aims to streamline care access, improve patient outcomes, and drive affordable virtual care at scale.
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3.36%
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Talkspace (Nasdaq: TALK) to participate in Barclays 26th Annual Global Healthcare Conference, offering fireside chat and investor meetings on March 12, 2024.
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0.7%
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Talkspace, Inc. (TALK) reported impressive financial results for Q4 2023 with a 138% year-over-year growth in Payor revenue, operating expenses down by 37%, and a net loss of $1.3 million. The company provided optimistic 2024 guidance with revenue expected to be $185-$195 million and adjusted EBITDA $4-$8 million. Additionally, Talkspace announced an Initial Share Repurchase Program of $15M.
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Talkspace, Inc.

Nasdaq:TALK

TALK Rankings

TALK Stock Data

480.21M
125.70M
4.84%
63.51%
1.81%
Dental Laboratories
Manufacturing
Link
United States of America
NEW YORK

About TALK

therapy for the way we live today. a new york-based online therapy start-up, our mission at talkspace is to make therapy affordable and accessible to everyone. we have a network of professional, licensed therapists available for consultations and long-term treatment plans, all via your smartphone or the web. just like an office visit, your conversations are 100% confidential in your secure chat room. your therapist is waiting to help you make a real, lasting difference in your life. you can message your therapist anytime and anywhere, from your smartphone or the web, 100% safe and secure. welcome to the wonderful world of therapy, re-invented for how we live today. talkspace homepage: www.talkspace.com more on online therapy: http://www.talkspace.com/online-therapy/