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INMACH7 ASX Announcement Third Quarter FY21 Business Update - Record Quarterly Cash Receipts – Leading to Strong Operating Cash Flows Result Highlights : ◆ Record quarterly cash receipts $ 8.4M ( 98 % increase over Q2 ) Q3 positive cash flow from operations $ 3.3M ( 375 % increase over Q2 ) ◆ Cash on hand has increased to $ 18M ( from $ 14.4M Q2 ) Q3 sales orders $ 12.8M ( Q2 $ 7.6M ) , $ 23.6M YTD ( TCV1 ) Customer deployments continue to make good progress ♦ 2021 Global Enterprise Imaging Solutions Product Leadership Award by Frost and Sullivan For personal use only Melbourne , Australia ; 12 April 2021 : Mach7 Technologies Limited ( " Mach7 " or the " Company " ) ( ASX : M7T ) is pleased to provide this quarterly update in conjunction with the release of the Appendix 4C - Quarterly Cash Flow Report . Q3 Cashflows The Company recorded its highest ever cash receipts from customers this quarter , of $ 8.35 million ( Q2 : $ 4.25M ) , taking total cash receipts to $ 16.36 million year - to - date ( FY20 YTD $ 10.52M ) . Operating payments ( net of interest received and government rebates ) for the quarter of $ 5.04 million included $ 0.5 million paid to advisors used for the acquisition of Client Outlook and are otherwise in line with the previous quarter ( Q2 : $ 4.57M ) . The large inflow of cash from our customers this quarter has led to a positive $ 3.33 million cash flow from operations , which has resulted in a year - to - date positive cash flow of $ 1.17 million . Pleasingly , this year - to - date performance has Mach7 on track to deliver a positive free cash flow for the full year in line with the Company's expectations . Mach7 has ended the quarter in a strong financial position with $ 17.95 million ( Q2 : $ 14.43 million ) cash on hand and no debt . Sales Growth Mach7 generated $ 12.84 million ( total contract value¹ ) of new sales orders for the quarter ( Q2 : $ 7.60M ) , taking the total year to date to $ 23.58 million ( FY20 YTD $ 10.24M ) . Of the year - to- date sales orders , $ 2.75 million is annually recurring revenue over the life of the contracts . 1 Total Contract Value ( TCV ) means software license fees , professional service fees and annual support ( or annual subscription ) over the life of the contract Mach7 Technologies Limited ABN 26 007 817 192 ASX : M7T MACH7T.COM