Brief: Mach7 Technologies Expects 20% Revenue Growth In Fy23

Mach7 Technologies

26/01/2023 23:55

Jan 27 (Reuters) - Mach7 Technologies Ltd  M7T.AX :
    * COMPANY EXPECTS 20% REVENUE GROWTH IN FY23
    * REVENUE OF A$18.1M IN H1 FY23; UP 27% ON A$14.3M IN H1
FY22
    * QUARTERLY SALES ORDERS OF A$22.4M (TCV) ; UP 280% ON Q2
FY22
    * REMAINS CONFIDENT OF ACHIEVING ITS FY23 SALES ORDER
FORECAST OF
AT LEAST A$36 MILLION
    * WITH POSITIVE FY23 OPERATING CASHFLOW FORECAST, MACH7
EXPECTS
CASH BALANCE TO BUILD OVER BALANCE OF FY

Source text for Eikon:  ID:nASX1qZgq4 
Further company coverage:  M7T.AX 
 ((Reuters.Briefs@thomsonreuters.com;))