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Bewhere Holdings Inc V.BEW

Alternate Symbol(s):  BEWFF

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

Comment by kulewateron Apr 22, 2021 11:28am
130 Views
Post# 33044795

RE:RE:Results are out. Check news

RE:RE:Results are out. Check newsVery pleased and encouraged by these results. I am also glad to see they have written down the exception one-time cost as part of Q4. This will clear the balance sheet and provide better optics as they move into a very profitable 2021.

This kind of accounting move will remove overhang form future earnings and also help identify true NAV/NEV.

Also this from the NR to be noted:

  • Purchase orders for 25,000 devices - Subsequent to December 31, 2020, the Company has received blanket purchase orders of approximately 25,000 devices from its existing and new customers, including New York City. These devices are planned to be rolled out during fiscal 2021. In view of the global shortage of certain components, the Company has already placed advance orders in attempt to mitigate interruption in production. The Company is actively working on various other opportunities in its pipeline.
 

Great things ahead.. Looking forward to Q1 shortly.
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