LONDON (ShareCast) - (Sharecast News) - Digital mental health platform Kooth said full-year underlying revenues were expected to come in ahead of expectations.
Kooth said underlying revenue was projected to beat market expectations at somewhere between £12.5m and £13.0m, driven by strong growth of more than 40% throughout the year.

The AIM-listed group added that net cash at year-end was £7.8m, with the group now being debt-free following its initial public offering in September 2020.

Chief executive Tim Barker said: "2020 was a very important and successful year for Kooth, before and after our IPO.

"Our progress reflects our leading position supporting children and young people via the NHS, and early success with our expansion to support the NHS and Corporate adult market."

As of 0925 GMT, Kooth shares were up 1.91% at 270.05p.

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