Australia's Mach7 Technologies drops most in over 2 yrs on lower sales orders

Mach7 Technologies

28/10/2022 02:24

** Shares of Mach7 Technologies  M7T.AX  dip as much as
13.7% to A$0.535, their worst intraday loss since June 15, 2020
    ** Medical imaging systems provider says it has sales orders
of A$3.4 million in Q1 FY23, a decrease, compared with A$16.2
million in in Q1 FY22  urn:newsml:reuters.com:*:nASX1vBRw9 
    ** Says it is confident of achieving its FY23 sales order
forecast of at least A$36 million, an 8% increase on the A$33.2
million achieved in FY22 
    ** Shares hit lowest level since Oct. 21
    ** M7T down 24.4% YTD as of last close 
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))