Australia's Mach7 Technologies rises on quarterly revenue growth

Mach7 Technologies

30/07/2024 03:52

** Shares of Mach7 Technologies  M7T.AX  rise as much as
5.1% to A$0.62, their highest level since July 11
    ** Shares on track for their best day since April 24, if
gains hold
    ** The medical imaging systems provider says sales orders of
A$4.4 mln ($2.88 mln) in Q4 FY24, up 37% on pcp
    ** Mach7 says contracted annual recurring revenue of A$27.9
mln at June 30, up 35% y/y 
    ** About 976,400 shares change hands, 5.3 times the 30-day
average volume of shares
    ** Stock has fallen 25.3% this year, as of last close

    ($1 = 1.5284 Australian dollars)

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