Australia's Mach7 Technologies rises on new contract for medical devices

Mach7 Technologies

14/12/2023 24:09

** Shares of Mach7 Technologies  M7T.AX  rise as much as 7%
to A$0.76, highest level since Dec. 4
    ** The medical imaging firm signs new 5-year subscription
agreement with United States-based Sentara Healthcare
    ** Agreement for its Enterprise Imaging Platform - a
conglomeration of medical records of a patient, and eUnity
Diagnostic Viewer - platform to access diagnostic images
    ** Co says total renewal value for contract is A$10.2
million ($6.80 million) 
    ** Co adds renewal will generate Annual Recurring Revenue of
about A$2.0 million
    ** Stock has risen 24.6% YTD as of last close

    


($1 = 1.4993 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))