Mach7 Technologies is a medical imaging systems provider that develops image management and viewing solutions for healthcare organisations.

“M7T has announced the doubling of contract value for one of its large US Enterprise Imaging customers,” Raymond said.

“While the contract win is a clear and immediate-term positive and increases ARR by $1million a year, we see it more as validation to our view that existing eUnity contracts are cum upgrade upon renewal and the offering presents value at higher prices.

“We view M7T’s ability to push through these more normalised prices as high and presents potential acceleration towards M7T’s goal of covering its cost base solely with recurring contracts within the next few years.

“M7T remains one of our key picks for financial year 2024.

“No changes to positive view, forecasts, or recommendation,” Raymond added.

Mach7 Technologies Ltd (M7T)

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