Sparks

Kooth has announced its H124 results, which included record revenue of £32.5m, up 179% from the H123 figure of £11.7m, driven by sizable progress in the US (growth over the prior two years to c 70% of total annual recurring revenues). During the period, Kooth saw significant momentum in the uptake of its products and services, highlighted by the expansion of its Soluna platform, which launched in California in January 2024, underpinned by new video coaching and care navigation capabilities. Kooth also maintained its position as NHS England’s largest single access provider for mental health support for under 18s. The company finished the period with a strong cash position of £14.9m, which should support further investments for long-term growth. Kooth aims to have two additional pilot contracts signed in the US by end-2024, and to bring Soluna to the UK in Q225, which should expand its reach and impact.