External broker reports(aggregated public sources), Wilsons Advisory

Wilsons Advisory

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>We maintain our OVERWEIGHT rating and $1.05/sh PT on Mach7.</li><li>Mach7 has been in stasis whilst their capital -&gt; subscription contract transition has occurred faster than expected, with FY24 revenue and earnings taking a blow (a near term impact).</li><li>As we look out to the remainder of FY24, we expect share price to be driven by new contract wins, which will see M7T deliver on &gt;$60M in total sales orders for the year, whilst sticking to cash-flow breakeven.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We maintain our OVERWEIGHT rating and $1.05/sh PT on Mach7.Mach7 has been in stasis whilst their capital -&gt; subscription contract transition has occurred faster than expected, with FY24 revenue and earnings taking a blow (a near term impact).As we look out to the remainder of FY24, we expect share price to be driven by new contract wins, which will see M7T deliver on &gt;$60M in total sales orders for the year, whilst sticking to cash-flow breakeven.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mach7 Technologies (M7T) - 1H24: Launch Pending