Business
Why the Mach7 (ASX:M7T) share price is surging 8% higher today
The Mach7 Technologies Ltd (ASX: M7T) share price is surging higher on Thursday.
In afternoon trade the enterprise imaging platform provider’s shares have jumped 8% to $1.31.
This leaves the Mach7 share price trading within touching distance of its record high of $1.36.
Why is the Mach7 share price surging higher?
Investors have been buying Mach7’s shares today after it released its second quarter update.
According to the release, the company achieved record cash receipts of $4.25 million for the quarter. This was up 13% from $3.76 million during the first quarter of FY 2021.
This was driven by a 130% increase in sales orders compared to the first quarter. Sales orders for $7.6 million in new contracts (total contract value)…
-
Noosa News19 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
Noosa News20 hours agoBrisbane-bound traffic diverted after pile-ups along Bruce Highway
-
Noosa News19 hours agoMan arrested after police chase: Driver shot, woman dies in crash
-
General15 hours agoAustralian Catholics mourning death of Pope Francis