AIM-listed online mental health platform Kooth (LON:KOO) saw its share price rise by 1.17% to 268.10p (as of 15:10 GMT) after reporting that underlying revenues for the year ended 31st December were ahead of expectations. Management said that they saw growth of more than 40% during the year and were in a strong cash position following their IPO.
CEO Tim Barker commented: “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. We look forward to further progress in the year ahead“.