Mach7 Technologies Ltd. (AU:M7T) has released an update.
Mach7 Technologies Ltd reports a robust third quarter in FY24 with a 20% increase in Annual Recurring Revenue (ARR) and a record Contracted Annual Recurring Revenue (CARR) of A$28.2M. The company has secured A$56.9M in sales orders to date, reflecting a transition to subscription revenue models and strong customer pipeline. Mach7 maintains a solid financial standing with a 28% year-on-year increase in cash on hand, positioning them well for strategic investments in product innovation and operational enhancements.
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