Mach7 Technologies Limited (“Mach7” or the “Company” (ASX:M7T) a company specialising in innovative medical imaging data management solutions for healthcare providers, today announced it has received a large purchase order for its software from its largest customer, Hospital Authority Hong Kong (HAHK), for A$4.8 million.
The purchase order received includes a license to the Mach7 enterprise imaging platform, licenses to its partner’s “eUnity” enterprise viewer, and additional Mach7 gateways. Mach7 expects to recognise the full A$4.8 million as revenue in the current financial year (“FY20”, subject to a review of revenue recognition principles pursuant to AASB15 and the financial year end audit. This will bring revenue for FY20 to more than $18 million, up more than 90% from $9.3 million in FY19.
M7T Price at posting:
57.5¢ Sentiment: None Disclosure: Not Held
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(ASX:M7T) a company specialising in innovative medical imaging data management solutions for healthcare providers, today announced it has received a large purchase order for its software from its largest customer, Hospital Authority Hong Kong (HAHK), for A$4.8 million.
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