Mach7 Technologies Ltd. (AU:M7T) has released an update.
Mach7 Technologies Ltd. celebrates a stellar financial year with sales orders soaring to A$61.3M, a 52% increase from the previous year, and a 37% rise in Q4 alone. The company’s transition to a subscription-based revenue model is highlighted by a substantial growth in Annual Recurring Revenue, reaching A$27.9M. With a robust cash balance of A$26.2M and a positive cash flow achieved for FY24, Mach7 is in a prime position to focus on expanding its customer base in FY25.
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