Company: TALK
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000950170-25-038107
Chunk: 22

Company: Talkspace, Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 22
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In the course of conducting our business operations, we are exposed to a variety of risks. Any of the risk factors we describe below have affected or could materially adversely affect our business, financial condition and results of operations. Certain statements in “Risk Factors” are forward-looking statements, see “Forward-Looking Statements” in Part II Item 7.

Unless the context otherwise requires, all references in this subsection as to “Talkspace,” the “Company,” “we,” “us” or “our” refer to the business of Talkspace, Inc. and its consolidated subsidiaries.

SUMMARY RISK FACTORS

The following is a summary of the material risks known to us. Please carefully consider the following risk factors together with all other information included in this Form 10-K and our other publicly filed documents when investing in our common stock.

Risks Related to our Operating Results 

•We may not grow at the rates we historically have achieved or at all, even if our key metrics may indicate growth, which could have a material adverse effect on the market price of our common stock.

•We may experience difficulties in managing our growth and expanding our operations.

Risks Related to our Business and Industry

•Rapid technological change in our industry presents us with significant risks and challenges.

•We operate in a competitive industry, and if we are not able to compete effectively, our business, financial condition and results of operations will be harmed.

•We derive a material portion of our revenue from our largest customers. The loss, termination, or renegotiation of any contract with such customers could negatively impact our results.

•If we are unable to secure customers' contract renewals, our business, financial condition and results of operations will be harmed.

•The future growth and profitability of our business will depend in large part upon the effectiveness and efficiency of our marketing efforts, and our ability to develop brand awareness cost-effectively.

•We may be unsuccessful in achieving broad market education and changing consumer purchasing habits.

•Our growth depends in part on the success of our strategic relationships with third parties that we provide services to.

•Our virtual behavioral healthcare strategies depend on our ability to maintain and expand our network of therapists, psychiatrists and other providers. If we are unable to do so, our future growth would be limited and our business, financial condition and results of operations would be harmed.

•Developments affecting spending by the healthcare industry could adversely affect our business.

•Negative media coverage and social media engagement could adversely affect our business.

•We may become subject to professional liability claims,