Talkspace reports Q1 EPS (5c), consensus (7c)

Reports Q1 revenue $33.3M, consensus $30.57M. Dr. Jon Cohen, CEO of Talkspace, said, "We continue to experience strong momentum in our payor business, as we expand our relationship with commercial partners and further activate our member base. We further increased the size and efficiency of our clinical network, as we continue to build a holistic suite of products to provide high-quality care to a broad range of customers. We believe we have a tremendous opportunity in front of us, and we remain confident in our ability to deliver profitable growth." Jennifer Fulk, CFO of Talkspace said, "Our revenue growth accelerated significantly in the first quarter, with the business-to-business categories contributing 70% of revenue in the period. We continued our work to optimize our cost structure to drive operating leverage, narrowing our losses while growing revenue as we advance toward our goal of reaching break-even profitability."