M7T mach7 technologies limited

Unfortunately M7T are laggards to the cloud solution. It's been...

  1. 3,556 Posts.
    lightbulb Created with Sketch. 134
    Unfortunately M7T are laggards to the cloud solution. It's been a very frustrating and costly journey for me. I sold the last of my shares on Tuesday. The reason for exiting are numerous that have been discussed here. Fundamentally I have lost confidence in the management and board to generate the operating leverage that we were all anticipating. Yes, they will be cash flow positive and profitable at some point but there is clearly no urgency. The belated knee jerk reaction to spend $3M on product development after the drop in the KLAS ratings and lack of new contracts were significant red flags. The $1.4M package for Mike Lampron running a company with an $86M MC is irritating to say the least. Awarding LT incentive granting of shares at zero cost to be above break even in 2027 for Mike Lampron was another red flag of a board that was out of touch. The share price looks cheap with a $66M EV. However with targets in their outlook statements such as Op Ex growth < Revenue growth does not exactly give one confidence....really a target ? Finally Mike clearly said in a webinar earlier this year they expected to land two sizable contracts before the end of 2024. That has not happened and I suspect one they didn't win was the Singapore contract awarded to AGFA in July. Wishing holders well that are staying the course.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
40.5¢
Change
-0.030(6.90%)
Mkt cap ! $95.16M
Open High Low Value Volume
42.5¢ 43.0¢ 39.0¢ $368.3K 908.1K

Buyers (Bids)

No. Vol. Price($)
1 27889 40.0¢
 

Sellers (Offers)

Price($) Vol. No.
40.5¢ 48398 2
View Market Depth
Last trade - 16.10pm 29/07/2025 (20 minute delay) ?
M7T (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.