TalkSpace - CW25 | 8-K: FY2025 Q1 Revenue: USD 52.18 M

Revenue: As of FY2025 Q1, the actual value is USD 52.18 M.

EPS: As of FY2025 Q1, the actual value is USD 0.

Segment Revenue

• Total Revenue: $52.2 million, a 15% increase year-over-year, driven by a 33% increase in Payor revenue, partially offset by a 32% decline in Consumer revenue.
• Payor Revenue: $37.8 million, a 32.7% increase from the previous year.
• DTE Revenue: $9.6 million, a decrease of 3.3% from the previous year.
• Consumer Revenue: $4.8 million, a decrease of 32.0% from the previous year.

Operational Metrics

• Net Income: $0.3 million, an improvement from a net loss of - $1.5 million in the first quarter of 2024.
• Gross Profit: $23.3 million, a 7% increase year-over-year, with a gross margin of 44.6%, down from 47.8% in the prior year.
• Operating Expenses: $24.4 million, a 4% increase year-over-year.
• Adjusted EBITDA: $2.0 million, an improvement from $0.8 million in the first quarter of 2024.

Cash Flow

• Net Cash Used in Operating Activities: - $1.2 million, compared to - $3.4 million in the previous year.
• Cash and Cash Equivalents at Period End: $60.1 million.

Unique Metrics

• Number of Completed Payor Sessions: 350,000, a 23% increase year-over-year.
• Number of Unique Active Payor Members: 101,200, a 17% increase year-over-year.

Outlook / Guidance

• Revenue Guidance for 2025: Expected to be in the range of $220 million to $235 million.
• Adjusted EBITDA Guidance for 2025: Expected to be in the range of $14 million to $20 million.