RE:This is taking a very long time to shape up.All is not that bad. It could be worse. Company managed very well on supply chain during Covid 19 when most of big and small companies have big problems with semi-conductor components.
The stock performance compared to other micro-cap or technology stocks is better over last 12 months.
The growth in revenue is good. The issue is with net profit. Company has no or very little pricing power. Bewhere sells devices on almost nil profit and get monitoring revenue shares from big mobile service providers. BEW can’t dictate its terms to companies like BELL or T-Mobile. BeWhere is price taker.
BeWhere a $9M revenue and 500K profit company has 4 C-suite officer (CEO, COO, CFO & CTO) and 3 of these are paid $250K+ annually. Company also has 4-5 Vice Presidents.
BeWhere has to find ways to improve EPS
I don’t know why company stopped buying back shares under NCIB
up2005 wrote: Never expected this deal to be stuck in the mud for this long. The tracking technology has transitioned, unfortunately so many other players have come into the market. We have lost our advantage and IMO are falling behind. We have such a low trading volume and waning interest.