Finland-based Oura, maker of its namesake health tracking ring, announced it's partnering with teletherapy company Talkspace to allow Oura wearers to share their personalized sleep and daily movement data with Talkspace therapists.
Oura ring wearers can utilize the company's Share Report feature to send information about their sleep quality and movement trends over the period of a week, a month...
Teletherapy company Talkspace saw its stock price rise after reporting second-quarter revenue of $35.6 million, a 19% increase over the prior year period, driven by an 82% increase in B2B revenue year-over-year and partially offset by a 41% consumer revenue decline.
The New York-based company's net loss was substantially lower in the second quarter at $4.7 million than its $23 million loss in Q2...
Talkspace reported an 11% increase in revenue in the first quarter that was driven by an increase in its business-to-business sales.
The teletherapy company reported $33.3 million in revenue compared with $30.2 million in the prior-year period. It noted a 71% increase in its B2B revenue year-over-year and 40% decline in its consumer revenue.
The New York-based company reported a net loss of $8.8...
Teletherapy company Talkspace reported a total of $30.2 million in revenue for Q4, with its total earnings for 2022 at around $120 million, all driven by growth in the business-to-business revenue.
But the New York-based company reported a net loss of $18.3 million in the fourth quarter, comparable to the $18 million net loss it reported in Q3, though an improvement from the $21 million loss in...
Amwell is in talks to acquire struggling teletherapy company Talkspace for about $200 million, according to Israeli business publication Calcalist.
Talkspace's stock price surged in the wake of the deal rumors. It went public in 2021 after a merger with a special purpose acquisition company, opening at $8.90 per share. The deal valued Talkspace at $1.4 billion.
But the digital mental health...
Talkspace reported a growing net loss in the third quarter as the teletherapy company continues to shift to a business-to-business model from a consumer-facing product.
It reported an $18 million net loss compared with $2 million loss in the prior-year period, which it attributes to a lower marketing spend. Talkspace posted revenue of $29 million, an 11% increase from 2021. The company also noted...
Insulin pump-maker Insulet reported net income of $27.8 million during the first quarter this year, months after it received FDA 510(k) clearance for its Omnipod 5 automated insulin delivery system.
The company also posted $295.4 million in revenue during Q1, compared with $252.3 million in the prior year, beating expectations. Insulet is currently building a limited launch of the Omnipod 5 and...
Digital mental health company Talkspace is rolling out a new parenting app called Lasting Parenting Guide. This launch comes a year and a half after Talkspace scooped up couples-counseling tool Lasting for an undisclosed sum, with the goal of building out its self-guided apps.
Parents and caregivers can use the app to tap into self-guided digital sessions that include psycho-education,...
Teletherapy company Talkspace is facing a class action lawsuit alleging it misled investors about the company's financials in the run-up to its merger with a special purpose acquisition company.
The suit, filed Jan. 7, alleges investors weren't informed that Talkspace was seeing significantly increased advertising costs in its direct-to-consumer business, and it was seeing lower conversion rates...
Teletherapy company Talkspace announced Monday that president and chief operating officer Mark Hirschhorn had resigned following an internal review of his conduct “in connection with a company offsite that took place late last week.”
In a statement, the company said that Hirschhorn’s resignation was effective immediately and that Talkspace’s executive team would handle his responsibilities....
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