Australia's Mach7 Technologies climbs to highest point in nearly 3 months on upbeat results

Mach7 Technologies

31/01/2025 24:52

** Shares of Mach7 Technologies  M7T.AX  extend gains from
the previous session to climb 8% to A$0.4 
    ** Stock hits highest level since Nov 5, 2024
    ** The medical imaging systems provider posts contracted
annual recurring revenue (CARR) of A$31.8 mln ($19.76 mln) at
Dec 31, up 15.6% from Sept 2024 levels 
    ** Co reaffirms FY25 outlook for 15-25% growth in CARR 
    ** Co announced on-market buyback programme of up to A$5 mln
on Thursday
    ** About 1.1 mln shares change hands, 2.5 times the 30-day
average of share
    ** Stock down 7.5% this year, as of last close

    ($1 = 1.6095 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com;))