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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

Post by kulewateron May 15, 2023 10:21am
138 Views
Post# 35448122

2023Q1 - Nice Earnings

2023Q1 - Nice EarningsReally 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.
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