External broker reports(aggregated public sources), Wilsons Advisory

Wilsons Advisory

Wilsons has a distinguished history in financial services that spans over 125 years. Today, the group has significant capabilities in private wealth management, corporate finance, research and investment strategy, and institutional sales. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>We maintain our OVERWEIGHT rating with revised PT of $1.00/sh for Mach7.</li><li>On the whole, FY24 has been a transformative year for the company – a) solidifying their product’s quality and demand profile in the competitive US market, supported by material customer renewals and add- ons, and new customer wins, b) executing on a relatively smooth transition from a capital- focused to subscription-weighted contract mix which should reap benefits in the coming 12- 18months; and c) demonstrating their ability to control costs whilst ensuring the business is notunderinvested, with solid cash management.</li><li>The market’s modestly negative reaction to this result, we expect stemming from a ~12month delay to profitability (and their ARR&gt;Opex target), is at least for the right reason – that being, investment in critical people infrastructure to support future growth, ensuring sustainable profitability when it does arrive. </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 with revised PT of $1.00/sh for Mach7.On the whole, FY24 has been a transformative year for the company – a) solidifying their product’s quality and demand profile in the competitive US market, supported by material customer renewals and add- ons, and new customer wins, b) executing on a relatively smooth transition from a capital- focused to subscription-weighted contract mix which should reap benefits in the coming 12- 18months; and c) demonstrating their ability to control costs whilst ensuring the business is notunderinvested, with solid cash management.The market’s modestly negative reaction to this result, we expect stemming from a ~12month delay to profitability (and their ARR&gt;Opex target), is at least for the right reason – that being, investment in critical people infrastructure to support future growth, ensuring sustainable profitability when it does arrive. 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) - FY24: Transformative