Talkspace Results Presentation Deck
Reconciliation of Net Loss to Adjusted EBITDA
Adjusted EBITDA
We calculate adjusted EBITDA as net loss adjusted to exclude (i) depreciation and amortization, (ii) interest and other expenses (income), net, (iii) tax benefit and
expense, and (iv) stock-based compensation expense.
(in thousands)
Net loss
Add:
Talkspace, Inc.
Reconciliation of Non-GAAP Results to GAAP Results
Unaudited
Depreciation and amortization
Financial (income) expense, net (¹)
Taxes on income
Stock-based compensation
Adjusted EBITDA
Three Months Ended
June 30,
2023
$(4,704)
302
(1,712)
8
2,129
$(3,977)
2022
$(23,022)
268
1,865
89
3,839
$(16,961)
Six Months Ended
June 30,
2023
$(13,462)
608
(2,136)
151
4,432
$(10,407)
2022
$(43,382)
697
996
110
6,207
$(35,372)
(1) For the three months ended June 30, 2023, financial (income), net, primarily consisted of $1.5 million of interest income from our money
market accounts and $0.3 million in gains resulting from the remeasurement of warrant liabilities. For the six months ended June 30, 2023,
financial (income), net, primarily consisted of $2.1 million of interest income from our money market accounts.
For the three and six months ended June 30, 2022, financial expense net, primarily consisted of $2.1 million and $1.2 million, respectively, in
losses resulting from the remeasurement of warrant liabilities.
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