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(Sharecast News) - Ingenta shares were sliding on Thursday morning, despite the company announcing that it had won more than 2m of new business since the start of the financial year, with contracts across all major product lines and markets.
The AIM-traded publishing and media software provider said the wins included ConChord IP management software for a US record label, Edify for a leading US university publisher and legacy commercial software products for an international trade publishing customer in Australia.
It expects revenue to rise in 2026, although EBITDA is set to be slightly lower than in 2025 as it invests in sales and marketing.
"We are delighted with the strong start to the year, securing over 2m in new business across all major product lines and markets, which demonstrates the continued relevance and appeal of our solutions to a diverse range of high-value IP content owners," said chief executive Scott Winner.
At 1052 BST, shares in Ingenta were down 21.24% at 66.55p.
Reporting by Josh White for Sharecast.com.
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