Bewhere Holdings Inc BEWFF

What can we expect in 22Q1

[hrgoyal]

In 21Q1 hardware revenue was 0.98 M, recurring revenue 0.73M & net loss of 39K.

If 10K BeMini are sold & delivered (as indicated in last news release) over and above regular quaterly sales of devices, we may have 50% increase in device sales.

If the net profit movement of 

21Q2 - 130K
21Q3 - 145K
21Q4 -  177K

continue, then we can have 22Q1 net profit of 200K. This will give a trailing 12 month net profit of 650K or 0.8C EPS

At 20c stock price P/E is only 25. Even at P/E parameter, stock is way chaep. It should b 30c .

Let us see how are 22Q1 results. Hope number will not disappoint.

BeWhere should initiate NCIB. Company has enough cash to buy 4M or 5% outstanding shares.

[Bonk4491]

Like we're you going. Still i don't think P/E of 25 is THAT cheap. At least they're making money. 

[hrgoyal]

Well, 25 P/E is based on 12 month trailing EPS but at this rate I expect 1M net profit by year end and a 1.25c EPS with a 25 P/E, stock price should b 30c   

[hrgoyal]

What do you think how, when and why BEW will get traction with investors and price/volume will move up? It is making profit for last 3Q and EBIDA positve for last at least 6Q. Device sales is also going up. What do you think will bring investors in the stock? No fund manager as guest on BNN is invested in the stock and take question. Management presented at 2-3 virtual webinar to promot company

[Calgary1111]

my patience isn't thinning, I recently grabbed a few more. Cash pile will grow and recurring rev will just increase. At some point new investors will take note and buy. We have Plenty of cash in the bank. 

[hrgoyal]

that is good. We need more investors like you but at some stage you must be thinking what is my return on investment. An active stock should move up or down with a news & reasonable volume and that is not happening, that is worrisome. Todays volume 8K shares or $1600. Avg volume 40K/day as you said lot of cash in bank, so use it. Company raised about 4M three years back @19c and nobody

[Bonk4491]

I think for invertors to come in they'll need to show another positive year of net profit with better number than 2021. Be-mini have to put us into the 12-15 millions revenue for 2022.   Right now we are at P/E of 43 on TradingView which right now will not bring a lot of new investors. Last 3 quarter are the strongest so numbers are progressing but they are 2 year back of what they

[hrgoyal]

Just playing with some numbers.  2021 FY revenue is 8.5M. Let us say 20% revenue increase for all devices excluding BeMini. That take revenue to 10.0M Each larger device is sold for $50. Let us assume BeMini is also sold for $50. So it will take 40K to 100K devices to be sold in 2022 to achieve 12-15M total revenue. As per CEO, by 2020 end, total BEW devices in market were about 100K. BEW