One thing to note is the renewals, many that are on 5 year contracts, are being renewed on substantially increased prices. It's really important to follow the 12 month deadline for the successful implementation of the VA contract to move to Phase 2. The announcement will read something like this. Mach 7 are pleased to announce the successful implementation of Phase 1 of the VA contract and are undergoing discussions on the implementation of Phase 2 of the VA contract to support up to seven VISN's worth $47.9M
From ASX release July 3 , 2023
The NextGen PACS program involves two major phases. Phase I will see Mach7’s VNA and eUnity viewer solutions form the core of NTP’s NextGen PACS. This phase has a potential TCV of A$11.7 million with a 12 month implementation/Professional Service fee period then a fee per study subscription license over a three year term. Phase II, which is contingent upon a number of success factors in Phase I, involves expansion into Veterans Affairs’ hospital network to support up to seven VISNs with migration, integration and software representing additional potential TCV of A$47.9 million over a five year term.
M7T Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held
