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Kooth

November 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • KOO
  • Price:
  • 300p
Kooth’s interims are largely of academic interest given that Kooth signed the transformational US$188m+ California contract in July. The keynote is that the US platform has already been built and a beta version has soft launched in two California counties. It is on track for the full launch of its App and support infrastructure in January.    H1 22 revenue grew 29% to £11.7m and EBITDA was flat as expected due to the ramp up in costs to support the US launch. Annualised recurring revenue (ARR) grew 16% over the prior year to £21.4m. UK revenues increased 9% to £9.8m with new contract wins in CYP and 52% of contracts being expanded on renewal, offset by increased churn, particularly in UK Adult where some pilot contracts wer ...

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Kooth - £150m contract win (August 2023)

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