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Ingenta ( (GB:ING) ) has shared an announcement.
Ingenta plc released a trading update for the year ended December 31, 2024, reporting a slight decline in revenue and EBITDA compared to the previous year. Despite these challenges, the company increased its positive cash flow and maintained a strong cash balance with no debt. Ingenta is focusing on accelerating new business acquisition to offset anticipated reductions in legacy revenue, reporting four substantial new contracts worth £1.9 million across its platforms. The company plans to invest £0.5 million in sales and marketing in 2025 to support long-term growth, although this is expected to initially lower EBITDA for the year. The company aims to continue paying dividends at the current level, projecting a return to revenue growth in 2025.
More about Ingenta
Ingenta plc is a leading provider of software and services to the publishing and media industries. The company’s primary focus is on developing new generation software platforms to support these industries, with an emphasis on transitioning away from legacy services.
YTD Price Performance: -2.07%
Average Trading Volume: 12,150
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £10.3M
Find detailed analytics on ING stock on TipRanks’ Stock Analysis page.
