Talkspace Third Quarter 2024 Earnings: EPS Beats Expectations

Talkspace (NASDAQ:TALK) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$47.4m (up 23% from 3Q 2023).
• Net income: US$1.87m (up from US$4.41m loss in 3Q 2023).
• Profit margin: 4.0% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.011 (up from US$0.026 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Talkspace EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's shares are up 11% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Talkspace that we have uncovered.

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