Bewhere Holdings Inc V.BEW

Alternate Symbol(s): BEWFF

Technology Software - Application

BeWhere Holdings Inc. is a Canada-based mobile internet of things (M-IOT) solutions company. The Company is focused on designing and selling self-powered hardware with sensors and software applications. The Company develops mobile applications, middleware and cloud-based solutions that stand-alone or that can be readily integrated with existing software. Its solutions serve two markets, such as Asset Tracking, and Connected Sensors. Its Asset Tracking consists of remote location tracking various non-powered fixed and movable assets such as trailers, dry vans, and others. Its Connected Sensors remotely track information on assets for water pressure, water detection and soil moisture. The Company also offers solutions that can be fully integrated with existing software, and white-labeled. 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.

TSXV:BEW - Post by User

Bewhere Holdings Inc

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Comment by DSeng89on Aug 20, 2018 6:10pm

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Post# 28489411

RE:Q2 results are out

Thanks SG!

That additional 10,000 order is a great sign that there is a growing demand for their product.

Revenues numbers are up 51% and their operating costs having only gone up a fraction of that.

I'm thinking proftitability within the next 2-3 quarters.

sportguy98 wrote:
Q2 is out. I'm pleased with the results.

- Q2 revs up 51% with $610k
- Burn rate $150k after baking out of share-based comp and d&a
- 10k unit order. "Subsequent to the quarter ended June 30, 2018, the Company has signed a contract with a US distributor of navigation equipment who has committed to 10,000-unit order"
- GM continue trending up, now at 44%
- Recurring revs & H/W sales now broken up. About 50/50 split.
- Mention of Brinks as client in MD&A
- Company is near profitability. Will take a few more Qs.