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Kooth ( (GB:KOO) ) has issued an announcement.
Kooth plc has announced its financial performance for 2024, projecting revenues of £65.8m, aligning with market expectations, and an adjusted EBITDA at the top of analyst forecasts. The company has enhanced its cash position significantly and continues to expand its US presence through new contracts and pilot programs, notably in New Jersey and California. Additionally, Kooth is executing a share buyback and has announced upcoming changes in its executive leadership, with Kate Newhouse set to succeed Tim Barker as CEO. These developments highlight Kooth’s commitment to growth and expansion in the digital mental health sector, with a strong focus on the US market.
More about Kooth
Kooth plc is a global leader in youth digital mental well-being, providing accessible and safe mental health support spaces. The company’s platform is accredited and offers a range of therapeutic support, with services designed for easy access to facilitate early intervention and prevention. Kooth is known for its pre-moderated community, a library of peer and professional content, and access to online counselors. It holds UK-wide accreditation from the British Association of Counselling and Psychotherapy and is the largest provider of mental health support for under 18s according to NHS England.
YTD Price Performance: -2.48%
Average Trading Volume: 151,586
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £64.53M
See more insights into KOO stock on TipRanks’ Stock Analysis page.
