Talkspace Inc - TALK STOCK NEWS

Talkspace (Nasdaq: TALK) is set to release its 2021 third quarter financial results on November 15, 2021, after market close. The company will host a conference call at 5 p.m. E.T. to review these results. Participants can join via a live audio webcast at this link or by dialing (800) 708-4540 for U.S. callers, and (847) 619-6397 for international callers. A replay will be available shortly after the call for 90 days. Talkspace offers comprehensive virtual behavioral healthcare through its secure web and mobile platform.

Talkspace (NASDAQ: TALK) has launched a new feature allowing members to choose their live therapy session format – video, audio, or chat. This move aims to enhance accessibility and personalization in mental health care. The decision was influenced by member feedback, responding to the need for flexible therapy options. The live chat function is expected to be available to most members immediately, with wider access planned for employer benefits later this year. Talkspace remains committed to offering comprehensive and convenient mental health services.

Talkspace reported robust Q2 results with net revenue increasing 73% year-over-year, reaching approximately $31 million. Active members grew over 40% to about 61,500, showcasing strong demand for virtual behavioral healthcare.

The company reaffirmed its FY 2021 net revenue guidance of $125 million, indicating an anticipated growth of 64% for the year. Despite operational challenges, including a 261.8% rise in operating expenses, Talkspace remains positioned to capture the growing mental health services market.

Talkspace, a leading virtual behavioral healthcare company, has appointed Erin Boyd as the new Chief Growth Officer for its Enterprise division, effective August 2, 2021. With over 25 years in healthcare, Boyd previously led Cigna’s behavioral network strategy. Talkspace aims to leverage her expertise to enhance growth and deliver innovative solutions to Enterprise customers. The appointment follows recent expansions in Talkspace's senior leadership team, which includes the Chief Medical Officer and Chief Financial Officer. Talkspace serves over 2 million users, providing therapy options through a secure digital platform.

Talkspace, a top virtual behavioral healthcare company, will present at the 41st Annual Canaccord Genuity Growth Conference on August 11, 2021, at 3:00 p.m. ET. Key executives including Oren Frank (Co-Founder and CEO), Mark Hirschhorn (President), and Jennifer Fulk (CFO) will participate. The conference presentation will be available live and as a replay on Talkspace's investor website. With over 2 million users and coverage for 55 million lives through various programs, Talkspace is addressing the urgent need for mental health care.

Talkspace (Nasdaq: TALK) announces the release of its 2021 second quarter financial results on August 9, 2021, post-market close. A conference call to discuss the results will take place at 5 p.m. E.T. Participants can access the call via a live audio webcast or by dialing provided numbers for U.S. and international callers. Talkspace is dedicated to virtual behavioral healthcare, serving over 2 million users with various mental health services through a secure platform.

Talkspace, Inc. (Nasdaq: TALK) announced the appointment of Jennifer Fulk as Chief Financial Officer, effective July 26, 2021. Fulk brings over 15 years of experience in finance and strategy from Eli Lilly, where she served in various senior roles. Current CFO, Mark Hirschhorn, will retain his position as President and COO. The leadership change aims to enhance Talkspace's operational and financial strategy to meet growing demands in behavioral healthcare, a sector that's seeing increased urgency for services.

Talkspace has launched the Talkspace Access Project, aimed at enhancing access to mental health resources in underserved communities. Partnering with advocate Demi Lovato, the initiative introduces a fund for 1,000 free months of therapy, with half allocated to The Loveland Foundation. The project seeks to combat the mental health crisis exacerbated by the pandemic, particularly in the BIPOC community, where reports indicate significant increases in anxiety and depression. Talkspace aims to reduce barriers and stigma around mental health treatment.

Talkspace reported a significant 144% increase in net revenue for Q1 2021, reaching $27.2 million, compared to $11.1 million in Q1 2020. Active members soared by over 110%, totaling approximately 60,000. The B2B segment expanded, covering 55 million eligible lives. Despite these positive metrics, the company faced a net loss of $12.7 million, up from $7.9 million a year prior. Talkspace reaffirms its 2021 revenue guidance of $125 million.