Talkspace Inc Stock Price, News & Analysis

Talkspace (NASDAQ: TALK) announced a strategic partnership with Wisdo Health to address loneliness among adults aged 65+. The collaboration aims to improve mental health access for seniors while reducing healthcare costs. According to data, 40% of individuals aged 65+ identify as lonely, with socially isolated older adults accounting for $1,643 more in annual Medicare spending. Wisdo Health's platform has shown a 28% reduction in depression symptoms through AI-powered peer support and moderated communities. The partnership expands Talkspace's Medicare coverage, now available in 30 states including NY, TX, CA, FL, and OH.

Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, has announced it will release its third quarter 2024 results on Tuesday, October 29, 2024, before the market opens. The company will also host a conference call to review the results at 8:30am ET on the same day.

Investors and interested parties can access the conference call via audio webcast at https://investors.talkspace.com/ or by dialing (888) 596-4144 for U.S. participants, or +1 (646) 968-2525 for international participants, using the participant code 2125813. A replay of the call will be available shortly after its completion and will remain accessible for approximately 90 days.

Talkspace (NASDAQ: TALK), a leading online behavioral health company, has been named one of Crain's New York Business's '2024 Best Places to Work'. This marks the second consecutive year Talkspace has received this recognition. The annual list features 70 top employers from various company sizes, all headquartered in New York City, that offer exceptional employee experiences, whether in-office or remotely.

Selection for this prestigious list is based on extensive employee surveys and evaluations of benefits, HR policies, and demographics. Talkspace's Chief People Officer, Andrea Cooper, emphasized the company's pride in its NYC roots and its commitment to empathy, kindness, and fostering a sense of belonging.

Talkspace offers its full-time employees a comprehensive benefits package, including:

• Generous PTO
• Flexible hybrid or remote-only work options
• Wellness stipends
• Retirement benefits
• Comprehensive medical plans
• Free access to Talkspace's mental health products

Talkspace (NASDAQ: TALK) has partnered with Amazon Health Services to increase awareness and accessibility of its mental health care services on Amazon.com. As the first virtual behavioral health provider in this program, Talkspace aims to help over 150 million eligible members discover and enroll in their mental health benefits.

Key points:

• Talkspace has 5,000+ therapists across 50 states
• Average copay for virtual therapy is $15
• Nearly half of American adults face mental health challenges
• Partnership addresses barriers like affordability and provider availability
• Amazon customers can check eligibility when searching for mental health topics
• Eligible individuals can enroll and get paired with a therapist within days

This collaboration aims to simplify access to mental health care and aligns with Talkspace's mission of making high-quality virtual mental healthcare accessible to most Americans through insurance.

Talkspace, a leading online behavioral health care company, is expanding its teen support offerings to address the growing mental health crisis among youth. The company is launching Teenspace Community, a safe, anonymous forum within its platform for teens to connect and share experiences. Additionally, Talkspace has partnered with BeMe, a digital platform for adolescent coaching, and PM Pediatric Care, a national pediatric urgent care provider.

These initiatives aim to provide comprehensive care to K-12 students, addressing the alarming statistics reported by the CDC, which show increasing rates of persistent sadness, hopelessness, and suicide attempts among high school students. Teenspace Community will be moderated by AI and clinically-trained experts, offering a supportive peer-to-peer environment. The partnerships with BeMe and PM Pediatric Care will expand Talkspace's range of services, including one-on-one coaching and in-person behavioral health services for students.

Talkspace (NASDAQ: TALK) has partnered with the Professional Tennis Players Association (PTPA) as its exclusive mental health technology partner. This collaboration aims to support the mental health of professional tennis players year-round. Key points include:

1. Players, their families, and support teams get free access to Talkspace Go, a self-guided therapy app.
2. Discounted access to virtual therapy services is also provided.
3. The partnership addresses unique challenges faced by tennis players, such as constant travel and pressure.
4. Eligible individuals receive one year of free access to Talkspace Go.
5. Players can sign up for individual, couples, or teen therapy with dedicated licensed therapists.
6. This initiative is part of PTPA's broader Mental Fitness Program and player health services.

Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, has announced its participation in two upcoming investor conferences. Dr. Jon Cohen, the company's CEO, will represent Talkspace at these events:

1. The 2024 Wells Fargo Healthcare Conference in Boston on September 4, 2024. Dr. Cohen will participate in a fireside chat presentation at 12:45 PM ET.

2. The TD Cowen 9th Annual FutureHealth Conference in New York on September 10, 2024. Dr. Cohen will join a panel discussion at 9:40 AM ET.

These conferences provide Talkspace with opportunities to showcase its developments and strategies to investors and industry professionals, potentially impacting the company's stock performance and market position.

Talkspace (NASDAQ: TALK) reported strong Q2 2024 results, with total revenue growing 29% year-over-year to $46.1 million. This growth was primarily driven by a 62% increase in Payor revenue and a 20% rise in Direct to Enterprise revenue. The company's net loss significantly improved to $0.5 million from $4.7 million in the previous year. Adjusted EBITDA turned positive at $1.2 million, compared to a loss of $4.0 million in Q2 2023.

Key highlights include:

• Expanded covered lives to over 145 million
• Launched Medicare offering in 12 states
• Approved additional $25 million share repurchase program
• Maintained fiscal year 2024 revenue guidance of $185-$195 million
• Adjusted EBITDA guidance of $4-$8 million for FY 2024

Talkspace (NASDAQ: TALK) has announced a new in-network agreement with Humana Military (TRICARE East), providing virtual mental health services to over 6 million active-duty and retired military personnel, along with their partners and dependents. This partnership allows eligible members to access therapy from licensed clinicians and psychiatric services from Board-certified professionals virtually and privately.

The agreement aims to address the critical mental health needs of military service members, with depression affecting 23% of active-duty personnel and suicide rates increasing by over 40% in recent years. Talkspace's services include individual and couples therapy for those 13 and older, as well as psychiatry and medication support for adults 18+. This expansion aligns with Talkspace's mission to make mental health care accessible and affordable, especially for those serving or who have served the country.