WAY 2 VAT LTD H1 Revenue Rises Amidst Widening Loss

WAY 2 VAT LTD (AU:W2V) has released an update.

WAY 2 VAT LTD reported a 24% increase in revenues to $1.14 million for the first half of 2024, driven by a growth in enterprise clients and a significant deal with a major Australia-based industrial client, despite a 26% widening in net loss to $2.13 million. The company has also strengthened its cash position to $1.825 million following capital raising efforts and extended a $700k loan facility, though no dividends have been issued or proposed.

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