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WAY 2 VAT LTD ( (AU:W2V) ) has issued an announcement.
Way2VAT Ltd reported a 54% increase in quarterly revenue to $1.05 million for Q1 FY25, despite it being the weakest quarter for revenue due to the absence of tax deadlines. The company attributes this growth to onboarding new clients, processing historical VAT claims, and increased volumes with existing clients. Notably, Way2VAT has secured a contract with a multinational real estate services company, which will cover VAT reclaim and APAI compliance for approximately 130 entities, and has expanded its enterprise client base to 409.
More about WAY 2 VAT LTD
Way2VAT Ltd is a global fintech leader specializing in automated VAT claim and return solutions, focusing on onboarding new clients and processing VAT claims.
Technical Sentiment Signal: Buy
For an in-depth examination of W2V stock, go to TipRanks’ Stock Analysis page.