M7T 0.00% 64.0¢ mach7 technologies limited

Couple of points in the FY23 report I picked up. Page 29 talks...

  1. 3,475 Posts.
    lightbulb Created with Sketch. 119
    Couple of points in the FY23 report I picked up. Page 29 talks about employee benefits including "Unlimited Paid Time Off to foster a work/life balance" . Sounds like an awesome place to work but "not work ". In the notes : Ageing of trade receivables. 3 to 6 months in 2022 was $144K in 2023 was $2.4M. Over 6 months is $461K. Provision though is only $74K going forward so they are expecting to receive the majority of the overdue debts. However bad debts written off in 2022 was $460K. Raises a couple of questions. What was the bad debt write off due to in 2022 - pandemic bad debt perhaps ? Secondly $2.4M owing aged 3 to 6 months. A business I would not have expected to have tardy payers ? Maybe some government / large hospitals are very slow players but would you not just intimate no pay debt we turn off software ? A couple of questions I'll put to Mike.
 
watchlist Created with Sketch. Add M7T (ASX) to my watchlist
(20min delay)
Last
64.0¢
Change
0.000(0.00%)
Mkt cap ! $154.3M
Open High Low Value Volume
62.5¢ 64.5¢ 62.0¢ $92.90K 147.0K

Buyers (Bids)

No. Vol. Price($)
1 19484 63.0¢
 

Sellers (Offers)

Price($) Vol. No.
64.5¢ 21843 1
View Market Depth
Last trade - 15.50pm 28/06/2024 (20 minute delay) ?
M7T (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.