Virtual mental health company Talkspace (NASDAQ: TALK) projects it will reach profitability within a year, driven by an increased focus on the B2B market, Behavioral Helath Business reports.
This is big news for the digital health company, which has struggled on the public markets over the last year and is still at risk of being delisted from the Nasdaq.
“Talkspace has a defined, very significant path to profitability, within a very, very short period of time,” Dr. Jon Cohen, CEO of Talkspace, said during the company’s Q1 earnings call., “And [we] will maintain a very strong cash position as a result of both the path to profitability and the cash that we currently have on hand.” Read more.
