WAY 2 VAT LTD ( (AU:W2V) ) just unveiled an update.
WAY 2 VAT LTD reported a 47% increase in revenue for FY24, reaching $3,007 thousand, and expanded its enterprise client base by 14% with the addition of 50 new clients. The company launched a new AI-driven product, APAI Compliance, and implemented cost-saving measures, resulting in a 20% reduction in operating expenses. Despite a net loss of $3,620 thousand, the company raised $3.6 million through convertible notes and a share purchase plan, with an additional $1.7 million raised post-reporting period.
More about WAY 2 VAT LTD
WAY 2 VAT LTD operates in the financial technology industry, providing AI-powered VAT/GST claim and return solutions. The company focuses on automating accounts payable auditing and expanding its enterprise client base.
Technical Sentiment Consensus Rating: Buy
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