Kooth performance continues to impress with the release of their full year results. Read the full statement and results here.
- Revenue for the financial year of £13 million, up 50.3% from 2019 (£8.7 million)
- Annual Recurring Revenue (ARR) up 33% driven by fee uplifts from existing clients and new business in Adult and CYP
- Adjusted EBITDA for the financial year of £0.9 million (2019: £0.1 million)
- Significant improvement in gross margin to 60.9% (2019: 51.5%)
Tim Barker, Kooth CEO:
2020 was a transformational year for Kooth. We were proud to become the first digital mental health platform to list on the London Stock Exchange to support growing demand for mental health services, which was critical long before the pandemic. Our excellent performance in 2020 reflects momentum for our simple strategy: making effective, personalised mental healthcare available to all.