Page 1

For personal use only 3.6 M INMACH7 ASX Announcement Strong Sales Growth and Sales Momentum from Mach7 Highlights : • • Mach7 Announces 1H 2021 Results Strong sales growth + 24 % to $ 10.9M , accelerated momentum in 2H with sales of $ 12M Revenue $ 7.1M , down 22 % - Strong eUnity growth offset by revenue timing EBITDA loss $ 1.2M , down from profit of $ 2.5M - impacted by the timing of revenue Recurring revenue annualized at $ 10.2M ( first - half up 88 % ) , providing 64 % coverage of operating expenses Strong financial position with $ 14.4M cash at hand , and no debt Positive 2H21 outlook : new contracts already won will drive 2H21 revenue growth , acquisition synergies to deliver lower expenses , positive EBITDA is forecast Melbourne , Australia ; 18 February 2021 : Mach7 Technologies Limited ( " Mach7 " or the " Company " ) ( ASX : M7T ) today released its half - year results for the period ended 31 December 2020 ( " 1H FY21 " ) . Strong sales order growth + 24 % Mach 7 was pleased to deliver 24 % growth in sales orders to $ 10.9 million . The strong growth was achieved despite some disruption caused by COVID - 19 . Mach7 is pleased with early success of the eUnity ( Client Outlook ) acquisition and integration and is seeing high demand for the enterprise viewing solution to enable teleradiology in a COVID environment . Sales momentum has accelerated into the second half with $ 12 million of orders already received . Recent sales orders will provide a significant contribution to second half FY21 revenue through the Trinity and Adventist wins , and HAHK purchase order for $ 3 million . GRAPH : MOMENTUM IN SALES ORDERS ( AUD ) 8.8 M 3.7 M H2 19 H1 20 H2 20 H1 21 Mach7 Technologies Limited ABN 26 007 817 192 ASX : M7T + 24 % 10.9 M 12.0 M || H2 21 YTD MACH7T.COM