#22 Kooth: A public mental health business with software margins?

Hi friends, 

Let’s get straight into it today. No messing around. There’s a mental health business from the UK that just delivered some serious financial results. 

Check these out:

• £33m revenue (181% YoY growth)

• 82% Gross Margin

• £8m adjusted EBITDA

• £4m profit after tax

The company is called Kooth and they provide digital products to help improve young people’s mental health. Today, we dive into their business, analyse their H1 earnings and see what we can learn from them.

Improving youth mental health is a topic I care deeply about. In fact, I think it is the single most important issue facing our society. So I’m very excited to be discussing an organisation working on this problem.We’ll discuss;

• The Story of Kooth: There aren’t too many mental health tech companies that have been around for 23 years

• H1 Earnings Breakdown: 181% revenue growth + software margins

• Peer Review: How Kooth compares to other public mental health companies

• California Dreamin’: The mega-contract Kooth landed with California and how it could make or break them

• Expectations: Should we expect this growth and profitability to continue for Kooth

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