Australia's Mach7 Technologies falls on weaker FY26 revenue forecast

Mach7 Technologies

24/04/2026 04:04

** Shares of Mach7 Technologies M7T.AX fall as much as 5.3% to A$0.27, their lowest level since March 30

** Set to record a third straight week of losses, losing over 12% in this period

** Medical imaging systems provider says FY26 revenue is expected to be ~15% below FY25 due to delayed capital deal conversion

** Adds operating expenses are expected to be ~10% lower, reflecting improved cost control

** About 143,000 shares change hands, 1.1 times the 30-day avg

** Stock is down 55.3% YTD, including the session's moves

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))