TRADING UPDATES: Kooth eyes top-end profit, while IQE sees sales beat
23rd Jan 2025 16:15
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Stocks in London headed into Christmas with a spring in their step posting gains on Tuesday's shortened trading day. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
Kooth PLC - London-based provider of digital mental health care for youths - Wins pilot contract worth USD1.5 million with the US state of New Jersey. Kooth will provide mental health support via its Soluna platform to school districts within the northeastern state, reaching 50,000 students aged 13 to 18. The contract has an initial term of a year, with the services expected to start in mid-January. Kooth notes it already has infrastructure in the US to deliver the contract, having in place deals in California and Illinois. It says it remains in talks for another pilot contract in the US, expected to be concluded in the first quarter. Read More
(Alliance News) - Stock prices in London opened higher on Tuesday, injecting some festive cheer into proceedings as markets prepare to close early on Christmas Eve. Read More
(Alliance News) - Stocks were called to open in the green on Monday, as markets prepare to close early on Christmas Eve. Read More
Kooth PLC - London-based provider of digital mental health care - Notes a 13% fall in its share price on Thursday following the release of an article by San Francisco-based health policy news provider KFF. Kooth says the article contains "outdated information" on its California service that "underestimated the uptake and impact of Soluna in California". Soluna is Kooth's mental health support app designed for users aged 13-25. Shares closed at 192.00 pence each in London on Thursday, down from 220.00p each at the market open. Read More
Kooth PLC - London-based provider of digital mental health care - Receives communication from the US state of Pennsylvania, noting the state's right to terminate Kooth's recently-extended pilot contract within a 30-day notice period. The contract with the Department of Human Services was initially intended to run until June 30, 2024, and was later extended to June 2025, whilst negotiations on a new contract were ongoing. Following this communication, Kooth is urgently seeking clarification on the status of its work in Pennsylvania. Kooth says its expectations for 2024 and 2025 remain unchanged, but does not specify what its forecast is. Read More
Kooth PLC - London-based provider of digital mental health care - Root Capital Fund II LP, via ScaleUp Capital General Partner LLP, sells 3.8 million Kooth shares at 280 pence each, worth GBP10.5 million. The share placing, run by Stifel Nicolaus Europe Ltd as sole bookrunner, was first announced after the London market close on Monday, and the price and amount were as planned. The shares sold represent a 10.3% stake in Kooth. Root Capital retains 9.2 million shares, a 25.3% stake. Read More
(Alliance News) - Kooth PLC on Tuesday launched its first US private sector service partnership with CVS Health Corp subsidiary Aetna Better Health of Illinois. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Kooth PLC on Monday said it expects annual revenue to jump 65%, despite headwinds in its UK market. Read More
Kooth PLC - London-based digital mental health platform - Confirms the launch of its digital mental health platform and mobile app, Soluna, in California, US, on January 1. Explains that Soluna offers California's six million 13 to 25-year-olds "free access to one-to-one professional support, self-guided tools, content, and activities, and peer support communities moderated by trained behavioural health professionals". The contract has an expected value of USD188 million through to June 2027, with possible revenue upside based on usage levels and product development. Read More
(Alliance News) - The following is a round-up of earnings reported by London-listed companies on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Kooth PLC's shares jumped on Monday after it announced it completed a placing of 3.3 million shares, raising gross proceeds worth an estimated GBP10 million through the issue of new shares at a price of 300 pence each. Read More
(Correcting issue price of placing shares.) Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - Kooth PLC's shares jumped on Monday after it announced that it had signed a four-year contract worth USD188 million in California, and proposed a placing worth an estimated GBP10 million. Read More