2022 Year Review
2022
Annual Report
Chair’s Statement
This year’s annual report illustrates the huge efforts that have been made by everyone at Kooth towards our vision of expanding access to digital mental healthcare at a population-wide scale. I want to thank all members of our team for their continued hard work and dedication in helping to make this vision a reality.
In 2022 we began our international expansion, with a focus on the US. Our progress so far has exceeded our expectations. In September we announced our first large-scale deployment in the State of Pennsylvania – a $3 million pilot contract. After the year-end, in March, we announced that we had been selected by the California Department of Health Care Services to provide our service to every 13-25 year old in the State. This contract, which is still in the process of being finalised, is part of California’s $4.7 billion 5-year plan to transform access to youth mental healthcare.
Chief Executive
Officer’s Statement
Our rapid progress in the US is further testament to the world-class expertise and technology we have developed over the last two decades to digitally transform mental healthcare.
Tim Barker
Chief Executive Officer
Financial Performance
Kooth delivered strong growth in 2022
underpinned by our first major contract in the US
£20.1m
REVENUE
(2021: £16.7m)
£1.6m
ADJUSTED EDITDA
(2021: £2.1m)
£13.9m
PROFIT BEFORE TAX
(2021: £11.6m)