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Way 2 Vat W2V.AX · AUD

Information Technology · ASX · 🇦🇺 Australia

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Close of 9 Nov 2026, in AUD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2024

Revenue

$3.0m

FY2017FY2024

Net income

−$3.6m

FY2017FY2024

Free cash flow

−$3.6m

FY2017FY2024

Shareholders' equity

−$1.3m

FY2017FY2024

Income statement

Fiscal years

FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue$3.0m$2.0m$1.3m$1.3m$1.0m$408,000$287,000—
Gross profit$2.5m$1.6m$1.0m$1.0m$857,000$279,000$148,000—
Research and development$1.7m$1.4m$1.9m$1.6m$1.4m$1.5m$1.7m—
Operating income−$3.7m−$4.3m−$4.8m−$4.7m−$3.3m−$4.0m−$3.2m—
Net income−$3.6m−$4.3m−$4.6m−$6.4m−$2.3m−$3.6m−$3.2m−$100,000
Diluted earnings per share-0.04-0.09-0.23-0.35-0.12-0.19-0.17-0.00

Balance sheet

At each fiscal year end

FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets$4.5m$4.1m$4.8m$5.2m$3.6m$3.7m$772,000—
Cash and short-term investments$81,000$493,000$1.0m$3.1m$1.9m$2.5m$400,000—
Total liabilities$5.8m$5.2m$4.5m$2.4m$10.0m$7.8m$1.7m—
Debt$2.2m$1.9m$1.4m$1.1m$8.5m$7.2m$1.3m—
Shareholders' equity−$1.3m−$1.0m$339,000$2.8m−$6.5m−$4.1m−$968,000—
Shares outstanding84m47m20m18m18m18m18m154m

Cash flow

Fiscal years

FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations−$3.6m−$3.8m−$3.2m−$4.0m−$2.7m−$3.6m−$3.0m—
Capital spending−$16,000−$10,000−$11,000−$29,000−$56,000−$111,000−$60,000—
Free cash flow−$3.6m−$3.8m−$3.2m−$4.1m−$2.7m−$3.7m−$3.1m—

Latest quarters

By quarter end

Jun 2025Dec 2024Jun 2024Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021
Revenue$2.5m$1.9m$1.1m$1.1m$923,000$780,000$525,000$625,000
Gross profit$2.0m$1.6m$856,000$1.0m$606,000$619,000$386,000$477,000
Operating income−$2.3m−$1.5m−$2.2m−$2.3m−$2.0m−$2.5m−$2.3m−$2.5m
Net income−$3.7m−$1.5m−$2.1m−$2.6m−$1.7m−$2.2m−$2.3m−$2.1m
Diluted earnings per share-0.04-0.02-0.02-0.07-0.02-0.10-0.12-0.11
Total assets$8.9m$4.5m$5.4m$4.1m$5.0m$4.8m$3.4m$5.2m
Cash and short-term investments$863,000$81,000$1.8m$493,000$1.2m$1.0m$1.5m$3.1m
Debt$3.0m$2.0m$1.5m$1.8m$1.8m$1.3m$804,000$938,000
Shareholders' equity$177,000−$1.3m−$610,000−$1.0m$939,000$339,000$1.3m$2.8m

Growth per year

Compound annual rate

3 years5 years10 years
Revenue31.5%49.1%—
Operating income-8.0%-1.5%—
Net income-17.2%0.3%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin80.8%79.8%79.7%—
Operating margin-157.3%-228.0%-271.4%—
Net margin-155.7%-244.9%-270.6%—

Valuation history

At each fiscal year end

FY2024FY2023FY2022FY2021
Price to earnings-0.9-0.6-0.4-1.6
Price to sales1.11.21.47.9

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years.

  • 10-to-1 reverse split · 16 Dec 2025

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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