Now over to this mob, it's been a while.
No mention of the Smart Spend Card hey? It's like it never happened! Is there a CEO on this god-forsaken stock exchange who knows how to get the job done or what? The growth strategy was the Smart spend card. What happened?
WAY 2 VAT LTD. (ASX:W2V) - Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
Anyway, let's look at the GTV for the first three quarters of 2023.
Q1 = $2.23M
Q2 = $9.7M
Q3 = $7.7M
WAY 2 VAT LTD. (ASX:W2V) - Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
WAY 2 VAT LTD. (ASX:W2V) - Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
Total GTV for 2023 so far is $19.63M with Q4 results still to come. The total GTV for all of 2022 was $21M, so W2V was very close to beating last year's GTV with 1 quarter still to go. So, W2V is still growing!
As Amos says above "Q4 is seasonally the strongest quarter", so looking back at 2022 again, the GTV for Q4 2022 was $6.7 million. But they achieved a high of $9.7M in Q2 2023, so it wouldn't be out of the question for W2V to achieve over $12M in GTV for Q4 2023. If they're able to do that, the GTV for all of 2023 should surpass $30M, just as I theorised at the beginning of the year.
WAY 2 VAT LTD. (ASX:W2V) - W2V transaction volumes., 65977471, page-22 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
If there's another 50% growth in 2024, then W2V could be looking at GTV of $45M.
It seems to be a tightly held registry for now, so let's see what the next quarterly brings.
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