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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

TSXV:BEW - Post Discussion

Bewhere Holdings Inc > Great Q1! Exceded Expectations
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Post by kulewater on May 15, 2024 11:19am

Great Q1! Exceded Expectations

What a Q.. with leading indicators continuining to point in the right direction.
Company continues to show great growth and scale.

Q2 will be another record.. in my estimation.

First Quarter 2024 Highlights

  • Total Revenue increased by 31% year over year – Total Revenue for the three months ended March 31, 2024, was $3,500,137 compared to $2,675,493 for the same period in 2023: an increase of $824,644.

  • Recurring Revenue increased by 28% year over year – Recurring Revenue for the three months ended March 31, 2024, was $1,535,543 compared to $1,199,092 for the same period in 2023: an increase of $336,451.

  • Gross Profit increased by 27% year over year – Gross profit for the three months ended March 31, 2024, was $1,343,332 compared to $1,057,983 for the same period in 2023: an improvement of $285,349.

  • Net income before taxes increased by 185% year over year – The Company recorded net income for the three months ended March 31, 2024, of $401,269 compared to $140,951 for the same period in 2023: an increase of $260,318.

  • Working capital and Cash in hand – At March 31, 2024, the Company had working capital of $6,176,461. Cash balance on March 31, 2024 was $4,323,320.

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