An announcement from Kooth ( (GB:KOO) ) is now available.
Kooth announced a 100% increase in 2024 revenues to £66.7 million, driven by its expansion in the US, particularly through the Soluna program in California, which reached 75,000 youths. The company also secured new pilot contracts in New Jersey and Illinois, and maintained its position as a leading mental health provider in the UK despite economic challenges. With a strong cash position and strategic investments, Kooth is well-positioned to meet growing international demand for digital mental health services in 2025.
More about Kooth
Kooth is a global leader in youth digital mental health, providing accessible and safe spaces for better mental health through a clinically robust platform. It offers therapeutic support, interventions, and a pre-moderated community with access to online coaches and counsellors. Kooth is the largest single access provider for mental health support for under 18s in the UK and has been expanding internationally, focusing on the US market.
YTD Price Performance: -31.68%
Average Trading Volume: 102,500
Technical Sentiment Signal: Buy
Current Market Cap: £44.38M
Learn more about KOO stock on TipRanks’ Stock Analysis page.