Way 2 Vat Ltd

  • IPO date:
  • Sector: Technology
  • GIC Group: Software & Services
  • Industry: Software-Infrastructure
  • Company website

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 travel expenses; and VAT compliance for companies. Way 2 Vat Ltd was incorporated in 2014 and is based in Tel Aviv, Israel.

Financial highlights

Market Capitalization$9.6539 million
P/E Ratio0
P/E Growth Ratio
Book Value0.003
Dividend Per Share0
Earnings Per Share-0.04
EBITDA-4,458
Profit Margin-2.3071
Operating Margin TTM-2.65
Return on Assets TTM-0.6722
Return on Equity TTM-3.5653
Revenue TTM1,703

Income statement highlights

All numbers are in thousands

Date Total Revenue Cost of Revenue Gross Profit Total Operating Expenses
2017-12-31
2018-12-31 287 139 148
2019-12-31 408 129 279
2020-12-31 1,034 177 857
2021-12-31 1,321 275 1,046 6,125
2022-12-31 1,305 300 1,005 5,782

Balance sheet highlights

All numbers are in thousands

Date Cash Total Assets Total Liabilities Short Term Debt Long Term Debt Common Stock
2018-12-31 400 772 1,740 0 1,275 8
2019-12-31 2,510 3,667 7,809 0 3,494 8
2020-12-31 7,624 9,269 2,575 909 4,787 22,116
2021-12-31 3,132 5,185 2,361 154 0 18,888
2022-12-31 1,030 4,515 4,308 86 593 20,550

Cash flow highlights

All numbers are in thousands

Date Net Income Total Cash Change in Cash Begin period cash End period cash Dividends
2017-12-31 -1,810 -1,665 1,722
2018-12-31 -3,204 -2,995 -1,646
2019-12-31 -3,574 -3,596 2,110
2020-12-31 -2,301 -2,683 -598 1,912
2021-12-31 -6,731 -4,076 1,220 1,912 3,132
2022-12-31 -4,787 -4,611 -2,102 3,132 1,030