Mach7 Technologies Ltd. (AU:M7T) has released an update.
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Mach7 Technologies Ltd. reported a modest increase in its contracted annual recurring revenue, reaching A$27.5 million as of September 30, 2024, reflecting a strategic investment in enhancing their workforce and processes. Despite a significant drop in sales orders compared to the previous year, the company remains focused on expanding its customer base and strengthening existing relationships. With no debt and a cash reserve of A$21.9 million, Mach7 is positioned for growth, aiming for a cashflow-positive fiscal year.
For further insights into AU:M7T stock, check out TipRanks’ Stock Analysis page.
