I will let the numbers do the talking.
Q1 2025 ann below.
WAY 2 VAT LTD. (ASX:W2V) - Ann: Quarterly Activities/Appendix 4C Cash Flow Report, 78834909, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading ForumBelow are the results for Q1 2025 & how they stack up beside previous years. W2V has experienced either QoQ or YoY growth for the last 3 years.
Cash receipts below.
Revenue below.
Compare Q1 2022 (blue column), Q1 2023, Q1 2024 to Q1 2025.
Clearly growing every year during the most lack luster part of the year. I suspect W2V might break the
$2m per quarter sometime in 2025.
Enterprise clients continue to grow.
Staff costs below & as you can see, W2V may finally have their costs under control. Look at Q4 2024 & Q1 2025, almost unchanged. If W2V can keep costs under $2m per quarter, the
total staff costs for 2025 might be lower than 2024. Couple that prospect with more clients & an increase in revenue for 2025.
Accounts receivable below, this is money still owed to W2V. Think of this as a giant dam holding back the cash. Government departments are in control of the value, so there's not much W2V can do about that. I suspect W2V will always carry an accounts receivable balance & could grow even larger over time.
Debt levels below.
As per usual, let's see what the next quarter brings.
(20min delay)