Bewhere Holdings Inc V.BEW

Alternate Symbol(s): BEWFF

Technology Electronic Components

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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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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