Ingenta PLC (AIM:ING)'s Scott Winner CEO and Jon Sheffield CFO join Proactive London.
Ingenta is a provider of software technology and supporting services to content providers and publishers around the world. The firm is now focussing on higher recurring revenue and an efficiency to drive cash returns.
The company reported this week, revealing revenues were broadly flat at £5.1m (H1/20: £5.2m), with 85% of revenues recurring in nature (H1/20: 82%). Gross profit improved 5.6% to £2.4m (H1/20: £2.3m), with gross margin improved to 47% (H1/20: 44%).
The team believe they are well positioned for future growth, with 'high recurring revenue and increased efficiency' the company are confident they are well positioned for growth.