Bewhere Holdings Inc BEWFF

Primary Symbol: V.BEW

Technology Software - Application

BeWhere Holdings Inc. is a Canada-based is a mobile Internet of things (M-IOT) solutions company. The Company focused on designing and selling hardware with sensors and software applications to track real-time information on non-powered fixed and movable assets, as well as monitor environmental conditions. The Company develops mobile applications, middle-ware and cloud-based solutions that stand-alone or that can be readily integrated with existing software. Its solutions serve two main markets Asset Tracking remote location tracking various assets such as trailers, dry vans and Connected Sensors of to remotely track sensors information on non-powered fixed and movable assets. The Company’s devices use the latest available cellular technologies (LTE-M and NB-IoT) to transmit collected data into mobile applications and cloud-based platforms. The Company also offer solutions that can be integrated with existing software and white-labeled.

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Bewhere Holdings Inc

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Post by hrgoyalon Aug 24, 2022 10:09am

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Post# 34916757

Highest ever Hardware/Device, recurring & total revenue

Highest ever Hardware/Device revenue, highest ever recurring revenue and highest ever total revenue

last 9 Quaterly Results
Product/Hardware/Software Service Recurring Fee Total          Net Profit/Loss

20Q2                         0.85M                              18K         0.75M              1.62M
20Q3                         1.31M                              43K         0.81M               2.17M              + 26K
20Q4                         1.02M                              24K         0.80M               1.84M              - 77k
21Q1                         0.98M                              14K         0.73M               1.73M              - 39K
21Q2                         1.63M                              18K         0.64M               2.28M              +130K
21Q3                         1.66M 17K 0.74M              2.42M +145K
21Q4 1.32M 18K 0.76M               2.11M +177K
22Q1 1.42M 135K 0.81M               2.37M +16K
22Q2                         1.78M                              47K         0.90M               2.73M +154K

Some Observation

Highest ever Hardware/Device revenue, highest ever recurring revenue and highest ever total revenue
While hardware/device sale Q over Q increased 25%, increase in recurring revenue is only 10%
Total net profit in first half year is only 170K. Chances of 1c EPS is remote.
Operating expenses increasing faster than revenue increase, resulting in lower net profit
Net profit in last 5 Qs
No mention of BeMini in 2022Q2 MA&D or Finance Report