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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.

Talkspace, Inc. (NASDAQ: TALK) is a pioneering behavioral healthcare company headquartered in New York, dedicated to making mental health services accessible and affordable for everyone. The company operates a comprehensive online therapy platform that allows users to connect with licensed therapists, psychologists, and psychiatrists through mobile and web applications. Their services include individual therapy, couples therapy, psychiatric treatment, and medication management, providing a flexible and secure environment for clients to seek help.

Talkspace's mission is to modernize therapy for today's digital age. By facilitating text, video, and audio chat sessions, they ensure that help is always at hand. The platform is fully encrypted and HIPAA-compliant, safeguarding patient confidentiality. The company's robust network comprises thousands of licensed professionals across all 50 states, making quality mental healthcare accessible to millions.

In recent years, Talkspace has achieved significant milestones. In 2023, the company reported a strong financial performance, with revenue growth driven by increased sessions and improved operational efficiencies. Their focus on leveraging cost base and enhancing clinical operations has put them on a path toward profitability. The company expects to achieve break-even Adjusted EBITDA by the end of the first quarter of 2024, with a projected cash balance of $120 million.

Talkspace has also been expanding its reach through strategic partnerships. In early 2024, the company joined Wheel's Integrated Virtual Care Ecosystem, alongside Mark Cuban Cost Plus Drug Company and Health Gorilla, to provide a holistic virtual care solution. This collaboration aims to enhance patient access to comprehensive mental health services, affordable medication, and seamless diagnostic services.

Additionally, Talkspace announced a share repurchase program worth $15 million, underscoring its commitment to enhancing shareholder value. With over 140 million Americans having access to Talkspace through various health plans and employer partnerships, the company continues to lead in the virtual behavioral healthcare space.

For more information, visit www.talkspace.com.

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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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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 (Nasdaq: TALK) will participate in the TD Cowen 44th Annual Health Care Conference in Boston on March 5, 2024. Investors can join a webcast of the fireside chat and schedule one-on-one meetings through the company's Investor Relations Website.
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Talkspace (Nasdaq: TALK) will release its fourth quarter and full year 2023 results on February 22, 2024, and host a conference call to review the results. The conference call details are available via audio webcast and can be accessed by dialing the provided numbers. A replay will be available shortly after the call’s completion and remain available for approximately 90 days.
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Talkspace (Nasdaq: TALK) to present at 26th Annual Needham Growth Conference on January 19, 2024
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Baltimore County Public Schools (BCPS) partners with Talkspace (NASDAQ: TALK) to offer free, unlimited telehealth therapy for high school students. The program aims to provide support for over 32,000 students facing rising rates of stress, anxiety, and depression. Eligible students can access licensed therapists through Talkspace's secure platform via smartphones, tablets, or computers. The partnership reflects BCPS's commitment to students' academic success and overall well-being.
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Talkspace (Nasdaq: TALK) to present at 42nd Annual J.P. Morgan Healthcare Conference. CEO Jon R. Cohen, M.D., and CFO Jennifer Fulk will host one-on-one investor meetings on January 11, 2024, in San Francisco, CA. Webcast and presentation materials available on Talkspace’s Investor Relations Website.
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Talkspace, Inc. (NASDAQ:TALK) announced the appointment of Swati Abbott and Liat Ben-Zur to its board of directors as new, independent directors. The board has expanded from seven to nine members, seven of whom are independent. Ms. Abbott has extensive experience in the healthcare data and analytics industry, having served as the CEO of Blue Health Intelligence and President of MEDai. Ms. Ben-Zur brings over 27 years of digital product experience in healthcare, software, and consumer businesses, with notable achievements at Microsoft. Their addition is expected to bring valuable expertise during Talkspace's continued growth.
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Talkspace, Inc. (NASDAQ: TALK) reported its third quarter 2023 financial results. B2B payor revenue grew 132% YoY, while operating expenses decreased by 30% YoY. The net loss was reduced to $4.4 million, an improvement of 75% YoY. Talkspace expects revenue for FY 2023 to be approximately $146 million and aims to reach break-even Adjusted EBITDA by Q1 2024.
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Talkspace (Nasdaq: TALK) CEO and CFO will participate in the 6th Annual Evercore ISI HealthCONx Conference on November 29, 2023. A webcast of the fireside chat will be available on the Talkspace Investor Relations Website.
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FAQ

What is Talkspace?

Talkspace is an online therapy platform that connects users with licensed therapists, psychologists, and psychiatrists via mobile and web applications.

How does Talkspace ensure confidentiality?

Talkspace uses a fully encrypted, HIPAA-compliant platform to ensure all patient conversations and data are confidential and secure.

What services does Talkspace offer?

Talkspace offers individual therapy, couples therapy, psychiatric treatment, and medication management through licensed professionals.

How many people have access to Talkspace services?

Over 140 million Americans have access to Talkspace through health insurance plans, employer benefits, and partnerships with healthcare companies.

Is Talkspace available across the United States?

Yes, Talkspace has a network of licensed providers available in all 50 states.

How can I contact Talkspace for more information?

Visit www.talkspace.com for more information or contact their investor relations at TalkspaceIR@westwicke.com.

What recent financial achievements has Talkspace made?

Talkspace reported a 36% year-over-year revenue increase in Q1 2024 and reached its first quarter of profitability on an adjusted EBITDA basis.

What partnerships has Talkspace recently formed?

Talkspace recently joined Wheel's Integrated Virtual Care Ecosystem, along with Mark Cuban Cost Plus Drug Company and Health Gorilla.

What is the purpose of Talkspace's share repurchase program?

The program aims to enhance shareholder value by repurchasing up to $15 million worth of common stock over the next 24 months.

How does Talkspace deliver its services?

Talkspace services are delivered through an easy-to-use, fully-encrypted web and mobile platform that meets regulatory requirements.

Talkspace, Inc.

Nasdaq:TALK

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380.09M
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63.51%
1.81%
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United States of America
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