Australia's Mach7 Technologies gains on better HY results, forecast

Chrysos

24/01/2024 24:55

** Shares of Mach7 Technologies  M7T.AX  up 5.3% at A$0.74,
set for best day since Jan 10, if gains hold
    ** The medical imaging systems provider says HY sales orders
of A$49.5 mln ($32.57 mln), a 92% rise on pcp
    ** Co upgrades FY24 sales order forecast to exceed A$60 mln,
compared with original outlook of A$48 mln 
    ** Reiterates forecast to be operating cash flow positive in
FY24
    ** Mach7 stock down 11.1% YTD, as of last close
 
    ($1 = 1.5198 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))