External broker reports(aggregated public sources), Wilsons Advisory

Wilsons Advisory

Wilsons has a distinguished history in financial services that spans over 125 years. Today, the group has significant capabilities in private wealth management, corporate finance, research and investment strategy, and institutional sales. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>We maintain our OVERWEIGHT rating but revise our Mach7 PT to $0.85 per share.</li><li>The company’s 3Q25 trading update leaves them well positioned to meet FY25 guidance although there is work to do in the 4Q around signing net new accounts.</li><li>Conscious that some time has passed since our last update (research coverage transferred in this note to Shane Storey) earnings estimates are revised down. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We maintain our OVERWEIGHT rating but revise our Mach7 PT to $0.85 per share.The company’s 3Q25 trading update leaves them well positioned to meet FY25 guidance although there is work to do in the 4Q around signing net new accounts.Conscious that some time has passed since our last update (research coverage transferred in this note to Shane Storey) earnings estimates are revised down. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mach7 Technologies (M7T) - 3Q25: Sharing the VISN