Q1 FY24 Highlights (all figures A$ unless otherwise stated and unaudited) • Revenue of $680K, up 32% on pcp ($514k in Q1 FY23) • Transaction volume of $4.1M, up 84% on pcp ($2.23 million in Q1 FY23) • Cash receipts of $934k, up 83% on pcp ($510k in Q1 FY23) • Accounts receivable on client VAT claims already submitted to tax authorities $3.3 million • AI-AP Compliance launched and receiving positive feedback on pilot with key clients for world’s first AI-driven automated auditing product for use in 80 countries • Entered Australian enterprise market with new Australian multinational industrial company • Enterprise clients now number ~365 • Secured $5.5 million (before costs) via Convertible Notes issuance and a strongly supported Placement during the period and a subsequent Share Purchase Plan in April • Way2VAT continues to experience no negative impact on its global operations from the ongoing security situation in Israel. Ninety per cent of clients are based in Europe and the UK, with 80% of staff based in Spain, the UK and Romania.
W2V Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
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