Bullboard - Stock Discussion Forum 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... see more

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TSXV:BEW - Post Discussion

Bewhere Holdings Inc > 1M in net profit in 2021 is now possible

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Post by hrgoyal on Apr 26, 2021 10:58am

1M in net profit in 2021 is now possible

1M in net profit in 2021 is now feasible.

Now when BeWhere booked 1.8M deveopment expenses in 2020Q4, going forward, it will add $360K per year to net profit (Considering linear 20% depreciation rate).

with a 50K increase in recurring revenue Q over Q will add (50+100+150+200) 500K and little bit from services will add to $1M

Any profit increase from device sales will be bonus.

One head wind is strengthening looni as most of BEW sales/services are in US

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