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Wilsons Advisory

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Mach7 provided a Q124 update today. As expected from recently announced deals, the company reported $33.5M in total sales orders for the quarter, importantly representing 70% of their FY24 target sales orders of $48M.</li><li>It is becoming increasingly clear that both new and renewal customers are opting for a subscription-based license model, rather than a capital model, which bodes well for Mach7 in the long-term (reaching ARR covering 100% of their opex sooner), however, as we have pointed out, creates uncertainty in hitting their revenue target in the near-term.</li><li>Management appear confident in FY24 sales pipeline, already supported by a &gt;30% uplift in ARR in 12 months’ time (CARR reported at $25.5M).</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>

Mach7 provided a Q124 update today. As expected from recently announced deals, the company reported $33.5M in total sales orders for the quarter, importantly representing 70% of their FY24 target sales orders of $48M.It is becoming increasingly clear that both new and renewal customers are opting for a subscription-based license model, rather than a capital model, which bodes well for Mach7 in the long-term (reaching ARR covering 100% of their opex sooner), however, as we have pointed out, creates uncertainty in hitting their revenue target in the near-term.Management appear confident in FY24 sales pipeline, already supported by a &gt;30% uplift in ARR in 12 months’ time (CARR reported at $25.5M).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) - Q124: First Look