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10-Q Filing

Talkspace, Inc. CIK: 1803901 Q3 2023
Filing Information
Form Type 10-Q
Accession Number 0000950170-23-059782
Period End Date 20230930
Filing Date 20231107
Fiscal Year 2023
Fiscal Period Q3
XBRL Instance talk-20230930_htm.xml
Filing Contents
Balance Sheet 56 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $138.54M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $125.33M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 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, net AccountsReceivableNetCurrent $7.97M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $9.64M USD Point-in-time
Other current assets OtherAssetsCurrent $4.41M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 167.07M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 161.16M shares Point-in-time
Other current assets OtherAssetsCurrent $4.37M USD Point-in-time
Total current assets AssetsCurrent $152.56M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 167.07M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 161.16M shares Point-in-time
Total current assets AssetsCurrent $137.72M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $677.00K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $272.00K USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.97M 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 $388.00K USD Point-in-time
Total assets Assets $140.35M USD Point-in-time
Total assets Assets $156.25M USD Point-in-time
Accounts payable AccountsPayableCurrent $6.51M USD Point-in-time
Accounts payable AccountsPayableCurrent $6.46M USD Point-in-time
Deferred revenues ContractWithCustomerLiabilityCurrent $4.36M USD Point-in-time
Deferred revenues ContractWithCustomerLiabilityCurrent $3.62M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesAndOtherLiabilitiesCurrent $16.50M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesAndOtherLiabilitiesCurrent $10.72M USD Point-in-time
Total current liabilities LiabilitiesCurrent $27.32M USD Point-in-time
Total current liabilities LiabilitiesCurrent $20.85M USD Point-in-time
Warrant liabilities WarrantLiabilitiesNonCurrent $1.59M USD Point-in-time
Warrant liabilities WarrantLiabilitiesNonCurrent $939.00K USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $190.00K 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 $22.63M 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 September 30, 2023 and December 31, 2022; Issued and outstanding: 167,065,019 and 161,155,030 shares at September 30, 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 September 30, 2023 and December 31, 2022; Issued and outstanding: 167,065,019 and 161,155,030 shares at September 30, 2023 and December 31, 2022, respectively CommonStockValue $16.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $386.78M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $378.72M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-269.08M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-251.20M USD Point-in-time
Total stockholders' equity StockholdersEquity $127.54M USD Point-in-time
Total stockholders' equity StockholdersEquity $176.28M USD Point-in-time
Total stockholders' equity StockholdersEquity $192.27M USD Point-in-time
Total stockholders' equity StockholdersEquity $157.25M USD Point-in-time
Total stockholders' equity StockholdersEquity $119.80M USD Point-in-time
Total stockholders' equity StockholdersEquity $117.72M USD Point-in-time
Total stockholders' equity StockholdersEquity $142.67M USD Point-in-time
Total stockholders' equity StockholdersEquity $121.64M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $140.35M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $156.25M USD Point-in-time
Income Statement 72 line items
Line Item Tag Value Unit Period
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $107.63M USD 3 Qtrs
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $89.33M USD 3 Qtrs
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $29.33M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $38.65M USD 1 Quarter
Cost of revenues CostOfRevenue $45.16M USD 3 Qtrs
Cost of revenues CostOfRevenue $54.22M USD 3 Qtrs
Cost of revenues CostOfRevenue $19.80M USD 1 Quarter
Cost of revenues CostOfRevenue $14.74M USD 1 Quarter
Gross profit GrossProfit $18.85M USD 1 Quarter
Gross profit GrossProfit $53.41M USD 3 Qtrs
Gross profit GrossProfit $44.16M USD 3 Qtrs
Gross profit GrossProfit $14.60M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $4.18M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $6.07M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $13.70M USD 3 Qtrs
Research and development, net ResearchAndDevelopmentExpense $16.87M USD 3 Qtrs
Clinical operations, net OtherCostAndExpenseOperating $2.39M USD 1 Quarter
Clinical operations, net OtherCostAndExpenseOperating $6.26M USD 3 Qtrs
Clinical operations, net OtherCostAndExpenseOperating $4.68M USD 3 Qtrs
Clinical operations, net OtherCostAndExpenseOperating $1.41M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $13.18M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $39.70M USD 3 Qtrs
Sales and marketing SellingAndMarketingExpense $18.51M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $60.10M USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $15.95M USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $23.07M USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $5.26M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $7.47M USD 1 Quarter
Total operating expenses OperatingExpenses $34.45M USD 1 Quarter
Total operating expenses OperatingExpenses $74.03M USD 3 Qtrs
Total operating expenses OperatingExpenses $106.29M USD 3 Qtrs
Total operating expenses OperatingExpenses $24.03M USD 1 Quarter
Operating loss OperatingIncomeLoss $62.13M USD 3 Qtrs
Operating loss OperatingIncomeLoss $19.85M USD 1 Quarter
Operating loss OperatingIncomeLoss $5.18M USD 1 Quarter
Operating loss OperatingIncomeLoss $20.63M USD 3 Qtrs
Financial (income), net InterestAndDebtExpenseIncome $-1.89M USD 1 Quarter
Financial (income), net InterestAndDebtExpenseIncome $-779.00K USD 1 Quarter
Financial (income), net InterestAndDebtExpenseIncome $-2.92M USD 3 Qtrs
Financial (income), net InterestAndDebtExpenseIncome $-889.00K USD 3 Qtrs
Loss before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $61.24M USD 3 Qtrs
Loss before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $17.71M USD 3 Qtrs
Loss before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $17.97M USD 1 Quarter
Loss before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $4.40M USD 1 Quarter
Taxes on income IncomeTaxExpenseBenefit $14.00K USD 1 Quarter
Taxes on income IncomeTaxExpenseBenefit $17.00K USD 1 Quarter
Taxes on income IncomeTaxExpenseBenefit $127.00K USD 3 Qtrs
Taxes on income IncomeTaxExpenseBenefit $165.00K USD 3 Qtrs
Net loss NetIncomeLoss $-61.37M USD 3 Qtrs
Net loss NetIncomeLoss $-20.36M USD 1 Quarter
Net loss NetIncomeLoss $-17.98M USD 1 Quarter
Net loss NetIncomeLoss $-8.76M USD 1 Quarter
Net loss NetIncomeLoss $-4.70M USD 1 Quarter
Net loss NetIncomeLoss $-17.88M USD 3 Qtrs
Net loss NetIncomeLoss $-23.02M USD 1 Quarter
Net loss NetIncomeLoss $-4.41M USD 1 Quarter
Net loss per share: Basic EarningsPerShareBasic $-0.03 USD 1 Quarter
Net loss per share: Basic EarningsPerShareBasic $-0.11 USD 1 Quarter
Net loss per share: Basic EarningsPerShareBasic $-0.39 USD 3 Qtrs
Net loss per share: Basic EarningsPerShareBasic $-0.11 USD 3 Qtrs
Net loss per share: Diluted EarningsPerShareDiluted $-0.11 USD 3 Qtrs
Net loss per share: Diluted EarningsPerShareDiluted $-0.39 USD 3 Qtrs
Net loss per share: Diluted EarningsPerShareDiluted $-0.03 USD 1 Quarter
Net loss per share: Diluted EarningsPerShareDiluted $-0.11 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 158.33M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 166.57M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 164.22M shares 3 Qtrs
Basic WeightedAverageNumberOfSharesOutstandingBasic 156.06M shares 3 Qtrs
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 156.06M shares 3 Qtrs
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 166.57M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 164.22M shares 3 Qtrs
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 158.33M shares 1 Quarter
Cash Flow Statement 54 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-61.37M USD 3 Qtrs
Net loss NetIncomeLoss $-20.36M USD 1 Quarter
Net loss NetIncomeLoss $-17.98M USD 1 Quarter
Net loss NetIncomeLoss $-8.76M USD 1 Quarter
Net loss NetIncomeLoss $-4.70M USD 1 Quarter
Net loss NetIncomeLoss $-17.88M USD 3 Qtrs
Net loss NetIncomeLoss $-23.02M USD 1 Quarter
Net loss NetIncomeLoss $-4.41M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $913.00K USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $1.01M USD 3 Qtrs
Stock-based compensation ShareBasedCompensation $9.39M USD 3 Qtrs
Stock-based compensation ShareBasedCompensation $6.40M USD 3 Qtrs
Remeasurement of warrant liabilities RemeasurementOfWarrantLiabilities $421.00K USD 3 Qtrs
Remeasurement of warrant liabilities RemeasurementOfWarrantLiabilities $-647.00K USD 3 Qtrs
Decrease (increase) in accounts receivable IncreaseDecreaseInAccountsReceivable $3.18M USD 3 Qtrs
Decrease (increase) in accounts receivable IncreaseDecreaseInAccountsReceivable $-1.67M USD 3 Qtrs
(Increase) decrease in other current assets IncreaseDecreaseInOtherCurrentAssets $-41.00K USD 3 Qtrs
(Increase) decrease in other current assets IncreaseDecreaseInOtherCurrentAssets $4.85M USD 3 Qtrs
Increase in accounts payable IncreaseDecreaseInAccountsPayable $51.00K USD 3 Qtrs
Increase in accounts payable IncreaseDecreaseInAccountsPayable $2.93M USD 3 Qtrs
Decrease in deferred revenues IncreaseDecreaseInDeferredCharges $1.73M USD 3 Qtrs
Decrease in deferred revenues IncreaseDecreaseInDeferredCharges $733.00K USD 3 Qtrs
(Decrease) increase in accrued expenses and other current liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $1.47M USD 3 Qtrs
(Decrease) increase in accrued expenses and other current liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-5.79M USD 3 Qtrs
Other IncreaseDecreaseInOtherOperatingLiabilities $202.00K USD 3 Qtrs
Other IncreaseDecreaseInOtherOperatingLiabilities $-108.00K USD 3 Qtrs
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-46.86M USD 3 Qtrs
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-14.86M USD 3 Qtrs
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $20.00K USD 3 Qtrs
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $254.00K USD 3 Qtrs
Proceeds from sale of property and equipment ProceedsFromSaleOfOtherPropertyPlantAndEquipment $10.00K USD 3 Qtrs
Proceeds from sale of property and equipment ProceedsFromSaleOfOtherPropertyPlantAndEquipment - USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-254.00K USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-10.00K USD 3 Qtrs
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $2.70M USD 3 Qtrs
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $2.06M USD 3 Qtrs
Payments for employee taxes withheld related to vested stock-based awards PaymentsForEmployeeTaxesWithheldRelatedToRestrictedStockUnitsVested $558.00K USD 3 Qtrs
Payments for employee taxes withheld related to vested stock-based awards PaymentsForEmployeeTaxesWithheldRelatedToRestrictedStockUnitsVested $399.00K USD 3 Qtrs
Payments for reverse capitalization, net of transaction costs ProceedsFromReverseCapitalizationNetOfTransactionCosts $-645.00K USD 3 Qtrs
Payments for reverse capitalization, net of transaction costs ProceedsFromReverseCapitalizationNetOfTransactionCosts - USD 3 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $1.49M USD 3 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $1.66M USD 3 Qtrs
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-45.62M USD 3 Qtrs
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-13.21M USD 3 Qtrs
Cash and cash equivalents at the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $152.64M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $125.33M 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 $152.64M USD Point-in-time
Cash and cash equivalents at the end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $125.33M 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 income taxes IncomeTaxesPaidNet $199.00K USD 3 Qtrs
Cash paid during the period for income taxes IncomeTaxesPaidNet $122.00K USD 3 Qtrs
Stockholders Equity 46 line items
Line Item Tag Value Unit Period
Beginning balance, value StockholdersEquity $127.54M USD Point-in-time
Beginning balance, value StockholdersEquity $176.28M USD Point-in-time
Beginning balance, value StockholdersEquity $192.27M USD Point-in-time
Beginning balance, value StockholdersEquity $157.25M USD Point-in-time
Beginning balance, value StockholdersEquity $119.80M USD Point-in-time
Beginning balance, value StockholdersEquity $117.72M USD Point-in-time
Beginning balance, value StockholdersEquity $142.67M USD Point-in-time
Beginning balance, value StockholdersEquity $121.64M USD Point-in-time
Beginning balance, shares CommonStockSharesOutstanding 167.07M 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 $869.00K USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $2.06M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $286.00K USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $347.00K USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $569.00K USD 1 Quarter
Restricted stock units vested, net of tax RestrictedStockUnitsVested $-128.00K USD 1 Quarter
Restricted stock units vested, net of tax RestrictedStockUnitsVested $-136.00K USD 1 Quarter
Restricted stock units vested, net of tax RestrictedStockUnitsVested $-67.00K USD 1 Quarter
Restricted stock units vested, net of tax RestrictedStockUnitsVested $-198.00K USD 1 Quarter
Restricted stock units vested, net of tax RestrictedStockUnitsVested $-65.00K USD 1 Quarter
Restricted stock units vested, net of tax RestrictedStockUnitsVested $-126.00K USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.13M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.84M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.37M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.97M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.30M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.18M USD 1 Quarter
Net loss NetIncomeLoss $-61.37M USD 3 Qtrs
Net loss NetIncomeLoss $-20.36M USD 1 Quarter
Net loss NetIncomeLoss $-17.98M USD 1 Quarter
Net loss NetIncomeLoss $-8.76M USD 1 Quarter
Net loss NetIncomeLoss $-4.70M USD 1 Quarter
Net loss NetIncomeLoss $-17.88M USD 3 Qtrs
Net loss NetIncomeLoss $-23.02M USD 1 Quarter
Net loss NetIncomeLoss $-4.41M USD 1 Quarter
Ending balance, value StockholdersEquity $127.54M USD Point-in-time
Ending balance, value StockholdersEquity $176.28M USD Point-in-time
Ending balance, value StockholdersEquity $192.27M USD Point-in-time
Ending balance, value StockholdersEquity $157.25M USD Point-in-time
Ending balance, value StockholdersEquity $119.80M USD Point-in-time
Ending balance, value StockholdersEquity $117.72M USD Point-in-time
Ending balance, value StockholdersEquity $142.67M USD Point-in-time
Ending balance, value StockholdersEquity $121.64M USD Point-in-time
Ending balance, shares CommonStockSharesOutstanding 167.07M 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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