STTCOMP: W2V
Market cap @ 0.034 = $6.05m
SOI: 137.7m
Overview: Way2VAT is a global leader in automated VAT/GST claim and return solutions in over 40 countries and over 20 languages, serving hundreds of enterprise businesses worldwide. Owns and operates a patented artificial intelligence technology that powers the world’s first fully automated, end-to-end VAT reclaim platform.
Current signed customer base includes major global brands such as: Tik Tok, Mastercard, Duracell, Footlocker, Playmobil, Max Mara, eToro and more…
What I like about this company is a very low market cap with a platform that is currently used by over 220 enterprise companies and continually growing. W2V showed strong revenue growth throughout the pandemic period which will only continue post covid. A good reason this one may be flying under the radar is that the transaction periods tax authorities take to process their claims blew out to up to 15 months during covid. They now expect this to reduce closer to around the pre-covid level of 9 months, however, figures that W2V report may not particularly be indicative to the company’s current performance, as any revenue streams and profit margins from new customers will take some time to filter through.
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STTCOMP: W2V Market cap @ 0.034 = $6.05m SOI: 137.7m Overview:...
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