Mach7 Technologies Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Mach7 Technologies (ASX:M7T) Full Year 2024 Results

Key Financial Results

• Revenue: AU$30.0m (flat on FY 2023).
• Net loss: AU$7.97m (loss widened by AU$6.92m from FY 2023).
• AU$0.033 loss per share (further deteriorated from AU$0.004 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mach7 Technologies Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 7.9%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Healthcare Services industry in Australia.

Performance of the Australian Healthcare Services industry.

The company's shares are down 4.3% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Mach7 Technologies that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.