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Way2VAT Boosts Q1 Revenue 54% Amid Client Growth and Cost Cuts
6:14am on Monday 2nd of June, 2025 AEST
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Financial Technology
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Way2VAT Boosts Q1 Revenue 54% Amid Client Growth and Cost Cuts
6:14am on Monday 2nd of June, 2025 AEST
Key Points
Q1 FY25 revenue surged 54% to A$1.05 million versus prior year
Enterprise client base expanded to 409, including major multinational contracts
Completed cost reduction program targeting 20% annual savings
Secured $720,000 credit line and $430,000 short-term loan to support cash flow
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Way 2 Vat (ASX:W2V)
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