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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 hrgoyalon May 22, 2025 10:16am
87 Views
Post# 36582624

RE:RE:Q1 Highlight

RE:RE:Q1 Highlight
Overall q is very good. Effect of cumulative nature of recuring revenue is showing up. I noticed the following two surprises:


Yesterday news release quoted COO Panczuk
 
Chris Panczuk, COO and Co-Founder stated, "We are pleased to report a strong start to the year, with first-quarter gross profit reaching $1,595,993, which improved by 19% from the first quarter of 2024." He further added, "We design, develop and manufacture our own hardware, middleware, firmware and applications, which uniquely position us to address macro-economic and geopolitical factors, today and in the future."
 
Does it mean BeWhere sensors are manufactured by BeWhere in their own facility and not contract manufactured in China? In that case tariff hardly matters.

Secondly 

Revenue split: US: 2.62M, Canada 1.6M or 0.63 to 0.37. I was thinking revenue split more in tune of size of GDP that 10:1. So there is vast untapped US market. 


 
 
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