Mach7 Technologies Celebrates Record Sales and Growth

Mach7 Technologies Ltd. (AU:M7T) has released an update.

Mach7 Technologies Ltd. reports a transformative fiscal year 2024 with record sales orders of A$61.3M, up 52%, and a 35% increase in Contracted Annual Recurring Revenue (CARR) to A$27.9M. The company met its revised annual guidance, was cashflow positive, and ended the year with its highest cash balance in four years at A$26.2M. Mach7 attributes its success to a strategic shift towards recurring revenue streams and looks to further growth and product innovation in the coming year.

For further insights into AU:M7T stock, check out TipRanks’ Stock Analysis page.