Bewhere Holdings Inc V.BEW

Alternate Symbol(s): BEWFF

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 Apr 22, 2021 1:08pm

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Post# 33045677

BeWhere explain why Recurring revenue is flat

I received following messgae from BeWhere IR dept.

Foreign exchange risk is discussed in the MD&A under section 13. BeWhere’s revenues are impacted by the Foreign Exchange when we receive payments in USD and report in CAD.

During the period,

Fx at SEP 30th = 1.33390

Fx at DEC 31st = 1.27320

Therefore by applying these forex on the part received in USD, you will find out that our Recurring Revenues actually grew by ~ C$20K q-o-q in Q4FY20

My comments

So there is 20K increase in 3Q to 4Q at constant exchange rate.

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