Bewhere Holdings Inc V.BEW

2023Q1 - Nice Earnings

[kulewater]

Really nice.. subsequent to the Q they have also repurchased 160K shares.

First Quarter 2023 Highlights

• Total Revenue increased by 13% year over year - Total Revenue for the three months ended March 31, 2023, was $2,675,493 compared to $2,366,835 for the same period in 2022: an increase of $308,658.

• Recurring Revenue increased by 48% year over year - Recurring Revenue for the three months ended March 31, 2023, was $1,199,092 compared to $811,939 for the same period in 2022: an increase of $387,153.

• Gross Profit increased by 44% year over year - Gross profit for the three months ended March 31, 2023, was $1,057,983 compared to $736,981 for the same period in 2022: an improvement of $321,002.

• Net income before taxes increased by 772% year over year - The Company recorded net income for the three months ended March 31, 2023, of $140,951 compared to $16,162 for the same period in 2022: an increase of $124,789.

• Adjusted EBITDA (non-IFRS measure) improved by 138% year over year - Adjusted EBITDA for the three months ended March 31, 2023, was $332,400 compared to $139,709 for the same period in 2022, an improvement of $192,691.