Talkspace, Inc. - TALK STOCK NEWS

Talkspace (NASDAQ: TALK) has launched the 'Look Who's Talking' campaign for Men's Health Awareness Month, featuring testimonials from members including Michael Phelps. The initiative highlights an increasing trend of men discussing mental health openly and seeking therapy. Recent data shows men's mental health support utilization has risen 36% from 13.1% to 17.8%.

The campaign includes documentary-style vignettes of male Talkspace members sharing personal experiences about therapy and mental health. Members like Carlvin and Evan discuss their journeys dealing with high-pressure environments and life's complexities. The campaign aims to rewrite the narrative around men's mental health, emphasizing that vulnerability is a sign of strength rather than weakness.

Talkspace (NASDAQ: TALK) reported strong Q3 2024 results with total revenue growing 23% year-over-year to $47.4 million, driven by 45% growth in Payor revenue. The company achieved net income of $1.9 million, improving from a $4.4 million loss year-over-year, and Adjusted EBITDA of $2.4 million. The company serves over 158 million covered lives, marking a 40% increase. Operating expenses decreased 10% to $21.5 million, while gross profit rose 15% to $21.6 million. Talkspace maintains its fiscal year 2024 revenue guidance of $185-195 million and adjusted EBITDA guidance of $4-8 million.

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.