Market's view on Kooth Plc
Published on April 2024
- Stock watchers are expressing concerns regarding the anti-Kooth sentiment and its potential impact on the company, especially with the loss of clients in Arizona and Pennsylvania school districts.
- The company’s inclusion of the Soluna platform in the Aetna partnership and its planned launch in the UK within the next 12 months is highlighted as a key development.
- Concerns are raised about the lack of updates on the Pennsylvania state budget discussions and the potential impact on Kooth’s operations in the area.
- The partnership with Aetna to pilot Kooth in Illinois for supporting youth in low-income families is seen as a significant move that could strengthen Kooth’s market position.
- There are concerns about Kooth’s website, funded by the NHS, being under investigation for promoting controversial topics, which could pose risks to the company’s reputation and operations.
- Kooth’s financial performance, including a significant increase in Annual Recurring Revenue, is acknowledged, though there are ongoing discussions about the valuation and business model of the company in light of potential risks and competition.