WAY 2 VAT LTD (W2V) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 1.78M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.06
• Revenue Growth: 47.36%
• EPS Growth: 53.79%
• Country: AU
• Employees: N/A
• Sector: Technology
• Sector Strength: 86
• Industry: Software - Infrastructure
• EPS (TTM): >-0.01
• Shares Outstanding: 1,699,469,700
• 10 Day Avg. Volume: 2,800,649
• 30 Day Avg. Volume: 1,784,521
• PEG Ratio: -0.03
• Price to Book (P/B): -3.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.15
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: 1.10
• Enterprise Value/Gross Profit: 4.03
• Enterprise Value/Ebitda: -0.61
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 41 Neutral
• Price Target: ―

WAY 2 VAT LTD faces significant financial challenges, with ongoing net losses and high leverage as major concerns. While revenue growth is a positive factor, the lack of profitability and financial instability weigh heavily on the stock's prospects. Technical indicators are neutral due to insufficient data, and valuation metrics suggest potential overvaluation. Investors should be cautious given the current financial health and lack of clear technical trends.

WAY 2 VAT LTD Business Overview & Revenue Model

Company Description

Way 2 Vat Ltd, a fintech company, provides VAT/ GST claim and return solutions worldwide. The company owns and operates automated end-to-end VAT reclaim platform. Its services include foreign and local VAT reclaim for companies, foreign VAT reclaim on account payable invoices; and VAT compliance for companies. Way 2 Vat Ltd was incorporated in 2014 and is based in Tel Aviv, Israel.

How the Company Makes Money

WAY 2 VAT LTD generates revenue through a combination of subscription fees, transaction-based charges, and service fees associated with its VAT recovery and compliance solutions. Businesses pay for access to W2V's proprietary software platforms, which provide automated and efficient VAT reclaim processes. Additionally, the company may earn from partnerships with accounting firms and financial institutions that integrate W2V's solutions into their offerings. By providing a technology-driven approach to VAT management, W2V helps businesses maximize their VAT recovery, thereby enhancing its value proposition and customer retention.

WAY 2 VAT LTD Financial Statement Overview

Summary

WAY 2 VAT LTD shows substantial revenue growth but continues to struggle with profitability and financial stability. Persistent net losses, high leverage, and negative equity pose significant risks to long-term viability, overshadowing the positive gross profit margin.

Income Statement

WAY 2 VAT LTD shows significant revenue growth, increasing from 408,000 in 2019 to 3,007,000 in 2024. However, the company consistently incurs net losses, with a negative net profit margin and deteriorating EBIT and EBITDA margins. The gross profit margin remains positive, suggesting the company can cover direct costs, but high operational expenses lead to overall losses.

Balance Sheet

The balance sheet reveals high leverage, with a negative stockholders' equity and increasing debt levels, leading to a worsening debt-to-equity ratio. The negative equity ratio indicates financial instability. The return on equity is also negative, reflecting ongoing losses. However, the company maintains some liquidity with cash and cash equivalents, though significantly reduced over recent years.

Cash Flow

Operating cash flow remains negative, indicating cash outflows from core operations. Free cash flow is similarly negative, limiting reinvestment capabilities. Financing activities provide some relief, with positive cash inflow due to funding activities. However, the company's reliance on external financing poses risks, especially given the ongoing operational cash deficits.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.01M	2.05M	1.30M	1.32M	1.03M
Gross Profit	2.47M	1.62M	1.00M	1.05M	857.00K
EBITDA	-2.99M	-3.74M	-4.34M	-4.54M	-3.23M
Net Income	-3.62M	-4.25M	-4.79M	-8.39M	-2.30M
Balance Sheet
Total Assets	4.48M	4.15M	4.51M	5.18M	9.27M
Cash, Cash Equivalents and Short-Term Investments	76.00K	493.00K	1.03M	3.13M	7.62M
Total Debt	2.22M	1.90M	952.00K	235.00K	1.09M
Total Liabilities	5.80M	5.15M	4.31M	2.36M	2.58M
Stockholders Equity	-1.32M	-1.00M	207.00K	2.82M	6.69M
Cash Flow
Free Cash Flow	-3.62M	-3.74M	-4.62M	-4.11M	-2.74M
Operating Cash Flow	-3.60M	-3.80M	-4.61M	-4.08M	-2.68M
Investing Cash Flow	-16.00K	-5.00K	-9.00K	-29.00K	-56.00K
Financing Cash Flow	3.10M	3.07M	1.92M	5.30M	2.00M

WAY 2 VAT LTD Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNO	63 Neutral	AU$8.21M	47.78	-2.18%	―	-2.13%	81.58%
Sector *	63 Neutral	$34.70B	4.89	-11.39%	1.66%	5.53%	-19.00%
SPX	44 Neutral	AU$27.69M	―	-51.72%	―	71.82%	-19.35%
W2V	41 Neutral		―	-2883.97%	―	47.36%	53.79%
PIL	21 Underperform	AU$4.60M	―	-1051.45%	―	205.01%	-28.57%
BEO	―	AU$16.41M	―	-262.86%	―	―	―
EAT	32 Underperform	AU$5.13M	―		―	7.02%	-44.64%

WAY 2 VAT LTD Corporate Events

Way2VAT Ltd Share Issuance Alters Substantial Holdings

Way2VAT Ltd, a company listed on the ASX, has issued new shares, resulting in the dilution of Thorney’s holding in the company. This change in shareholding has been formally documented in a Form 604 Notice, as required by the Corporations Act, indicating a decrease in Thorney’s voting power from 14.99% to 12.37%. This development may impact the company’s shareholder dynamics and influence future corporate governance decisions.

Way2VAT Share Issuance Alters Thorney Technologies’ Stake

Way2VAT Limited, a company listed on the Australian Securities Exchange, has issued new shares, resulting in a dilution of Thorney Technologies Ltd’s holding in the company. This change in shareholding affects Thorney’s voting power, reducing it from 14.99% to 12.37%. The announcement highlights a shift in the ownership structure of Way2VAT, which could impact its strategic decisions and stakeholder interests.

WAY 2 VAT LTD Substantial Holder Increases Stake

WAY 2 VAT LTD announced a significant change in the interests of its substantial holder, Richard Kemle Colebatch, who increased his voting power from 5.50% to 6.67% through an allotment of ordinary shares. This increase in voting power reflects a strategic move that could potentially influence the company’s decision-making and future direction, impacting stakeholders and possibly enhancing the company’s market position.

Way2VAT Issues New Shares to Bolster Market Position

Way2VAT Limited has announced the issuance of 286,611,575 fully paid ordinary shares without disclosure to investors, in compliance with relevant provisions of the Corporations Act. This move signifies the company’s strategic financial maneuvering to potentially enhance its market position and operational capabilities, with no undisclosed information affecting stakeholders.

WAY 2 VAT LTD Announces Quotation of New Securities on ASX

WAY 2 VAT LTD has announced the quotation of 897,294 ordinary fully paid securities on the Australian Securities Exchange (ASX) as part of an employee incentive scheme. This move is likely to enhance the company’s market presence and provide additional liquidity, potentially benefiting stakeholders by aligning employee interests with company performance.

WAY 2 VAT LTD Announces Quotation of New Securities on ASX

WAY 2 VAT LTD has announced the quotation of 285,714,281 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of June 6, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and provide additional capital for growth, potentially impacting its market positioning and offering new opportunities for stakeholders.

Way2VAT Transitions to AUD for Financial Reporting

Way2VAT Limited has announced a change in its presentation currency from USD to AUD, aligning with its listing on the ASX. This transition aims to provide investors and stakeholders with a clearer understanding of the company’s financial performance. The change will take effect from the half-year financial report ending on June 30, 2025, and will include restated historical financial data for comprehensive analysis.

WAY 2 VAT LTD Announces Proposed Issue of Securities

WAY 2 VAT LTD has announced a proposed issue of 285,714,281 ordinary fully paid securities, with the issue date set for June 5, 2025. This move is part of the company’s strategy to strengthen its financial position and potentially enhance its market presence, which could have significant implications for its stakeholders and industry standing.

Way2VAT Secures A$2 Million to Boost Growth and Profitability

Way2VAT Ltd has successfully raised A$2 million through a placement, receiving strong support from both new and existing investors. The funds will be utilized for working capital and reducing short-term bank debt, supporting the company’s growth trajectory and pathway to profitability. The placement was well-received, indicating confidence in Way2VAT’s business momentum and strategic direction.

Way 2 Vat Ltd Initiates Trading Halt Ahead of Capital Raising Announcement

Way 2 Vat Ltd has announced a trading halt on its securities pending an upcoming announcement related to a proposed capital raising. The halt will remain until the announcement is made or normal trading resumes on June 2, 2025, indicating a strategic financial move that could impact its market operations.

Way2VAT Secures Major Contract with JLL for VAT Solutions

Way2VAT Ltd has entered into a contract with global real estate company JLL, which will utilize Way2VAT’s automated VAT claim and recovery solutions and its AI-driven APAI compliance platform. This partnership is expected to significantly impact Way2VAT’s revenue, as JLL will be a major client, leveraging the company’s technology for VAT recovery and compliance audits across approximately 25 JLL entities worldwide.

De Silva Investments Becomes Substantial Holder in Way2VAT Limited

Way2VAT Limited has announced that De Silva Investments (AUST) Pty Ltd, along with its associated entities, has become a substantial holder in the company as of May 16, 2025. This development indicates that De Silva Investments now holds a 6.88% voting power in Way2VAT Limited, which could influence the company’s decision-making processes and strategic direction. The acquisition of shares was primarily through the conversion of convertible notes into fully paid ordinary shares, suggesting a strategic investment move by De Silva Investments.

Way2VAT to Host Investor Webinar on AI Platform and Product Expansion

Way2VAT Limited announced an upcoming investor webinar where CEO Amos Simantov will discuss the company’s AI-powered technology platform and expanding product suite. This event signifies Way2VAT’s commitment to transparency and engagement with stakeholders, potentially strengthening its market position and enhancing investor confidence.

De Silva Investments Gains Substantial Holding in Way2VAT

De Silva Investments (AUST) Pty Ltd and De Silva Super Nominees Pty Ltd have become substantial holders in Way2VAT Limited, a company identified by the ACN 637 709 114. As of May 16, 2025, these entities collectively hold 91,709,440 fully paid ordinary shares, representing a 6.49% voting power in the company. This acquisition was achieved through the conversion of convertible notes into fully paid ordinary shares, with no cash consideration involved.

Way2VAT Ltd Sees Change in Substantial Holder Interests

Way2VAT Ltd, a company listed on the ASX, has experienced a change in the interests of its substantial holder, TIGA Trading Pty Ltd. The change, effective from May 16, 2025, involved the conversion of convertible notes, resulting in an increase in the number of voting shares held by TIGA Trading Pty Ltd and associated entities, although their overall voting power decreased from 16.98% to 14.99%. This shift in shareholding dynamics could impact the company’s strategic decisions and influence within the market.

Thorney Technologies Alters Stake in Way2VAT

Thorney Technologies Ltd has announced a change in its substantial holding in Way2VAT Limited, a company listed on the ASX. The change involves the conversion of convertible notes, resulting in an increase in the number of ordinary shares held by Thorney Technologies Ltd and its associated entities. This change affects the voting power of Thorney Technologies Ltd in Way2VAT Limited, decreasing from 16.98% to 14.99%.

WAY 2 VAT LTD Director Increases Shareholding

WAY 2 VAT LTD has announced a significant change in the shareholding of its director, David Buckingham, who has acquired 5,275,445 additional ordinary shares. This acquisition, approved at the recent General Meeting, increases his total holdings to 9,884,913 shares, potentially strengthening his influence in the company and reflecting confidence in its strategic direction.

WAY 2 VAT LTD Announces Director’s Change in Securities Interest

WAY 2 VAT LTD has announced a change in the director’s interest in securities, specifically involving Adoram Ga’ash. The change includes the acquisition of 4,886,154 ordinary shares and an internal transfer of 3,533,159 shares from Moneta Seeds LP to AMGH Synergia 2014 Ltd for administrative purposes, which did not alter the director’s beneficial interest.

WAY 2 VAT LTD Director’s Shareholding Increases Post-Approval

WAY 2 VAT LTD has announced a change in the director’s interest, specifically involving Robert Edgley. The change involves the issuance of 527,545 ordinary shares to Edgley, following shareholder approval at the General Meeting on May 12, 2025. This adjustment increases Edgley’s direct holding to 4,990,110 fully paid ordinary shares, while his indirect interests remain unchanged. This move could potentially impact the company’s governance and stakeholder confidence, as it reflects shareholder support and director alignment with company interests.

Way2VAT Issues New Shares, Complies with Corporations Act

Way2VAT Limited has announced the issuance of 478,857,967 fully paid ordinary shares without disclosure under Part 6D.2 of the Corporations Act 2001. This move signifies the company’s compliance with relevant provisions of the Corporations Act and suggests a strategic step in its financial operations, potentially impacting its market positioning and stakeholder interests.

WAY 2 VAT LTD Announces Quotation of New Securities on ASX

WAY 2 VAT LTD has announced the quotation of 468,168,823 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of May 16, 2025. This move is expected to enhance the company’s market presence and provide additional capital to support its growth strategies, potentially impacting its operations and stakeholder interests positively.

Way2VAT Ltd Achieves 54% Revenue Growth in Q1 FY25

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.