Ingenta has released its FY24A results for the year ending December 2024, which are in line with expectations at the top and bottom line. Total revenue declined 6% YoY to £10.2m, although revenue quality improved given recurring revenues encouragingly increased by 3% to £8.9m following new client wins. We anticipate a return to top-line growth in FY25E, driven by a £0.5m investment in sales and marketing aimed at strengthening the pipeline. The investment includes increasing the use of digital a ....
