Mach7 Technologies Limited (M7T) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to the Mark 7 third quarter FY25 business update. My name is Françoise Dixon, and I'm Head of Investor Relations for Mark 7. Today, our CEO, Mike Lampron, will provide an overview of our Q3 result. We will then open it up for questions, which can be submitted via the Q&A text box at the bottom of the screen. I'll now hand over to Mike. Thank you, Francoise. Good morning, everyone, and welcome to Mach 7's FY25 third quarter business update. We'll start off with some highlights and then go into a bit more detail on the third quarter results. So some highlights for us this quarter. CAR contracted annual recurring revenue of $30.8 million, slightly down on a constant currency basis by a little over 2%, 2.2%. annual recurring revenue run rate of 24.4 million at the end of March. That's down about just under 2%, 1.9%, again, constant currency basis. Sales orders of 5.1 for the quarter. Cash receipts were a highlight of 11.4 million, up a little over 28%. Remain operating cash flow positive in Q3 and for the nine months ending 31 March. We remain to have cash on hand of just under $25 million, $24.9 million, up slightly from where we ended Q2, the first half of the year, and we still have no debt. We were able to complete some cost-out initiatives in Q3. That will result in about $2 to $3 million in annualized savings. We'll talk more about that in a minute. And we were also able to commence our on-market share buyback. And through that buyback, we've bought about 1.9 million shares in March and about 3.3 million shares bought back to date. And we think still finding value in doing that. We did announce mid-quarter CEO transition. That was announced at the beginning of April. Terry Thomas has been appointed as Managing Director and CEO, c...