KOOTH PLC (KOO) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the KOOTH PLC Interim Results Investor Presentation. Situated on the right hand corner of your screen. Please just simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company will review all questions submitted today and publish responses where it is appropriate to do so, and these will be available via your investor meet company dashboard. Before we begin, I would like to submit the following poll, and I would now like to hand you over to the executive management team from KOOTH PLC. Tim, good afternoon, sir. Good afternoon. Thanks for the introduction, and welcome to our interims update. What we'll do is we'll provide you with a brief recap on KOOTH, who we are, what problem we're solving. We'll go through the five key updates from our h one and of outlook for the rest of the year and beyond. So just to start at the beginning, what is the problem that we're tackling? Well, poor mental health has become a public health crisis of our time. Every year, one in five individuals in the population has a diagnosable need for help. Across a lifetime, seventy five percent of lifelong mental health issues are established by age 24. And as well as having an incredible detrimental impact on the individuals, their families, and the community has a huge impact on the economy. On the current trajectory, it's estimated by the end of the decade, the poor the impact of poor mental health over $6,000,000,000,000 global cost. Now there are not enough therapists in the world to deal with the level of demand, and it's widely recognized that the solution to this growing challenge is to move upstream to provide support to individua...