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10-Q Filing

Talkspace, Inc. CIK: 1803901 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0000950170-23-020105
Period End Date 20230331
Filing Date 20230510
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance talk-20230331_htm.xml
Filing Contents
Balance Sheet 52 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $125.08M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $138.54M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 1.00B shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 1.00B shares Point-in-time
Accounts receivable AccountsReceivableNetCurrent $9.64M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $12.46M USD Point-in-time
Other current assets OtherAssetsCurrent $4.37M USD Point-in-time
Other current assets OtherAssetsCurrent $3.81M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 163.12M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 161.16M shares Point-in-time
Total current assets AssetsCurrent $152.56M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 163.12M shares Point-in-time
Total current assets AssetsCurrent $141.36M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 161.16M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $563.00K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $677.00K USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.34M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.53M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $491.00K USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $518.00K USD Point-in-time
Total assets Assets $156.25M USD Point-in-time
Total assets Assets $144.78M USD Point-in-time
Accounts payable AccountsPayableCurrent $7.67M USD Point-in-time
Accounts payable AccountsPayableCurrent $6.46M USD Point-in-time
Deferred revenues ContractWithCustomerLiabilityCurrent $4.12M USD Point-in-time
Deferred revenues ContractWithCustomerLiabilityCurrent $4.36M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesAndOtherLiabilitiesCurrent $16.50M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesAndOtherLiabilitiesCurrent $9.80M USD Point-in-time
Total current liabilities LiabilitiesCurrent $21.60M USD Point-in-time
Total current liabilities LiabilitiesCurrent $27.32M USD Point-in-time
Warrant liabilities WarrantLiabilitiesNonCurrent $1.13M USD Point-in-time
Warrant liabilities WarrantLiabilitiesNonCurrent $939.00K USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $418.00K USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $461.00K USD Point-in-time
Total liabilities Liabilities $28.72M USD Point-in-time
Total liabilities Liabilities $23.14M USD Point-in-time
Commitments and contingencies (Note 5) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 5) CommitmentsAndContingencies - USD Point-in-time
Common stock of $0.0001 par value Authorized: 1,000,000,000 shares at March 31, 2023 and December 31, 2022; Issued and outstanding: 163,119,345 and 161,155,030 shares at March 31, 2023 and December 31,2022,respectively CommonStockValue $16.00K USD Point-in-time
Common stock of $0.0001 par value Authorized: 1,000,000,000 shares at March 31, 2023 and December 31, 2022; Issued and outstanding: 163,119,345 and 161,155,030 shares at March 31, 2023 and December 31,2022,respectively CommonStockValue $16.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $381.58M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $378.72M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-251.20M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-259.96M USD Point-in-time
Total stockholders' equity StockholdersEquity $127.54M USD Point-in-time
Total stockholders' equity StockholdersEquity $121.64M USD Point-in-time
Total stockholders' equity StockholdersEquity $192.27M USD Point-in-time
Total stockholders' equity StockholdersEquity $176.28M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $144.78M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $156.25M USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $30.15M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $33.34M USD 1 Quarter
Cost of revenues CostOfRevenue $16.59M USD 1 Quarter
Cost of revenues CostOfRevenue $15.13M USD 1 Quarter
Gross profit GrossProfit $16.75M USD 1 Quarter
Gross profit GrossProfit $15.02M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $5.35M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $5.04M USD 1 Quarter
Clinical operations, net OtherCostAndExpenseOperating $1.60M USD 1 Quarter
Clinical operations, net OtherCostAndExpenseOperating $1.78M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $13.47M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $21.41M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $5.36M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $8.01M USD 1 Quarter
Total operating expenses OperatingExpenses $25.79M USD 1 Quarter
Total operating expenses OperatingExpenses $36.23M USD 1 Quarter
Operating loss OperatingIncomeLoss $21.21M USD 1 Quarter
Operating loss OperatingIncomeLoss $9.04M USD 1 Quarter
Financial income, net InterestAndDebtExpenseIncome $-869.00K USD 1 Quarter
Financial income, net InterestAndDebtExpenseIncome $-424.00K USD 1 Quarter
Loss before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $20.34M USD 1 Quarter
Loss before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $8.62M USD 1 Quarter
Taxes on income IncomeTaxExpenseBenefit $143.00K USD 1 Quarter
Taxes on income IncomeTaxExpenseBenefit $21.00K USD 1 Quarter
Net loss NetIncomeLoss $-8.76M USD 1 Quarter
Net loss NetIncomeLoss $-20.36M USD 1 Quarter
Net loss per share: Basic EarningsPerShareBasic $-0.05 USD 1 Quarter
Net loss per share: Basic EarningsPerShareBasic $-0.13 USD 1 Quarter
Net loss per share: Diluted EarningsPerShareDiluted $-0.13 USD 1 Quarter
Net loss per share: Diluted EarningsPerShareDiluted $-0.05 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 161.80M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 154.08M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 161.80M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 154.08M shares 1 Quarter
Cash Flow Statement 48 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-8.76M USD 1 Quarter
Net loss NetIncomeLoss $-20.36M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $306.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $429.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $2.30M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $2.37M USD 1 Quarter
Remeasurement of warrant liabilities RemeasurementOfWarrantLiabilities $-875.00K USD 1 Quarter
Remeasurement of warrant liabilities RemeasurementOfWarrantLiabilities $189.00K USD 1 Quarter
Increase in accounts receivable IncreaseDecreaseInAccountsReceivable $800.00K USD 1 Quarter
Increase in accounts receivable IncreaseDecreaseInAccountsReceivable $2.82M USD 1 Quarter
Decrease in other current assets IncreaseDecreaseInOtherCurrentAssets $4.92M USD 1 Quarter
Decrease in other current assets IncreaseDecreaseInOtherCurrentAssets $559.00K USD 1 Quarter
Increase in accounts payable IncreaseDecreaseInAccountsPayable $2.06M USD 1 Quarter
Increase in accounts payable IncreaseDecreaseInAccountsPayable $1.21M USD 1 Quarter
Decrease in deferred revenues IncreaseDecreaseInDeferredCharges $1.16M USD 1 Quarter
Decrease in deferred revenues IncreaseDecreaseInDeferredCharges $232.00K USD 1 Quarter
Decrease in accrued expenses and other current liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-1.84M USD 1 Quarter
Decrease in accrued expenses and other current liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-6.70M USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingLiabilities $105.00K USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingLiabilities $-95.00K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-15.15M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-14.04M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $88.00K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $9.00K USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfOtherPropertyPlantAndEquipment - USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfOtherPropertyPlantAndEquipment $28.00K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $19.00K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-88.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $2.06M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $621.00K USD 1 Quarter
Payments for employee taxes withheld related to vested stock-based awards PaymentsForEmployeeTaxesWithheldRelatedToRestrictedStockUnitsVested $65.00K USD 1 Quarter
Payments for employee taxes withheld related to vested stock-based awards PaymentsForEmployeeTaxesWithheldRelatedToRestrictedStockUnitsVested $558.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $1.50M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $556.00K USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-13.46M USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-13.73M USD 1 Quarter
Cash and cash equivalents at the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $184.53M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $125.08M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $138.54M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $198.26M USD Point-in-time
Cash and cash equivalents at the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $184.53M USD Point-in-time
Cash and cash equivalents at the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $125.08M USD Point-in-time
Cash and cash equivalents at the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $138.54M USD Point-in-time
Cash and cash equivalents at the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $198.26M USD Point-in-time
Cash paid during the period for interest InterestPaidNet $12.00K USD 1 Quarter
Cash paid during the period for interest InterestPaidNet $29.00K USD 1 Quarter
Cash paid during the period for income taxes IncomeTaxesPaidNet $168.00K USD 1 Quarter
Cash paid during the period for income taxes IncomeTaxesPaidNet $174.00K USD 1 Quarter
Stockholders Equity 20 line items
Line Item Tag Value Unit Period
Beginning balance, value StockholdersEquity $127.54M USD Point-in-time
Beginning balance, value StockholdersEquity $121.64M USD Point-in-time
Beginning balance, value StockholdersEquity $192.27M USD Point-in-time
Beginning balance, value StockholdersEquity $176.28M USD Point-in-time
Beginning balance, shares CommonStockSharesOutstanding 163.12M shares Point-in-time
Beginning balance, shares CommonStockSharesOutstanding 161.16M shares Point-in-time
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $621.00K USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $2.06M USD 1 Quarter
Restricted Stock Units Vested RestrictedStockUnitsVested $-65.00K USD 1 Quarter
Restricted Stock Units Vested RestrictedStockUnitsVested $-67.00K USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.30M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.37M USD 1 Quarter
Net loss NetIncomeLoss $-8.76M USD 1 Quarter
Net loss NetIncomeLoss $-20.36M USD 1 Quarter
Ending balance, value StockholdersEquity $127.54M USD Point-in-time
Ending balance, value StockholdersEquity $121.64M USD Point-in-time
Ending balance, value StockholdersEquity $192.27M USD Point-in-time
Ending balance, value StockholdersEquity $176.28M USD Point-in-time
Ending balance, shares CommonStockSharesOutstanding 163.12M shares Point-in-time
Ending balance, shares CommonStockSharesOutstanding 161.16M shares Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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