Kooth (KOO)

Sector:

Retailers

Index:

FTSE AIM All-Share

 163.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 345.00p
  • 52 Week Low: 159.00p
  • Currency: UK Pounds
  • Shares Issued: 36.36m
  • Volume: 0
  • Market Cap: £59.27m
  • RiskGrade: 110
  • Beta: 0.52

Kooth launches youth mental health platform in California

By Josh White

Date: Tuesday 09 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Digital mental wellbeing specialist Kooth announced the launch of its digital mental health platform and mobile app in California on Tuesday, under the name 'Soluna'.
The AIM-traded firm said Soluna was designed to provide free access to its range of mental health resources and services for California's six million people aged 13 to 25.

It said the platform would offer an array of features, including one-to-one professional support, self-guided tools, informative content, engaging activities, and peer support communities.

Importantly, the peer support communities would be supervised by trained behavioural health professionals, ensuring a safe and supportive environment for users.

Kooth said Soluna offered professional coaching support in both English and Spanish, catering to a diverse user base.

Additionally, it provided telephone-based support in all 19 Medi-Cal threshold languages, further enhancing accessibility.

In terms of financial implications, the contract associated with Soluna's launch had an expected value of $188m, spanning until June 2027.

That estimate included the possibility of increased revenue contingent on usage levels and product development.

"In a state where, between 2019 and 2021, approximately one third of adolescents experienced serious psychological distress and there was a 20% increase in adolescent suicides, there is a clear imperative to transform mental health support," said chief executive officer Tim Barker.

"The launch of Kooth's service is a cornerstone of governor Gavin Newsom's master plan for Kids' Mental Health and the Children and Youth Behavioral Health Initiative, and cements our momentum in the US."

At 1347 GMT, shares in Kooth were down 3.82% at 302p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Kooth Market Data

Currency UK Pounds
Share Price 163.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 345.00p
52 Week Low 159.00p
Volume 0
Shares Issued 36.36m
Market Cap £59.27m
Beta 0.52
RiskGrade 110

Kooth Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.17% below the market average17.17% below the market average17.17% below the market average17.17% below the market average17.17% below the market average
36.59% below the sector average36.59% below the sector average36.59% below the sector average36.59% below the sector average36.59% below the sector average
Price Trend
41.69% below the market average41.69% below the market average41.69% below the market average41.69% below the market average41.69% below the market average
57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average
Income Not Available
Growth
51.22% above the market average51.22% above the market average51.22% above the market average51.22% above the market average51.22% above the market average
52.38% above the sector average52.38% above the sector average52.38% above the sector average52.38% above the sector average52.38% above the sector average

Kooth Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Kooth Key Personnel

CFO Sanjay Jawa
CEO Timothy John Barker

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