Bewhere Hldgs Inc Stock Price, News & Analysis

BeWhere Holdings (OTCQB: BEWFF), a Mobile Internet of Things company, reported strong financial results for Q1 2025. The company achieved 20% year-over-year revenue growth to $4.21M, with recurring revenue increasing 40% to $2.14M. Net income surged 49% to $312,679, while gross profit improved 19% to $1.59M.

Despite U.S.-Canadian trade issues causing some order delays, BeWhere maintained robust performance and reached an all-time high cash position of $5.76M, with $1.5M generated from Q1 operating activities. The company's working capital stood at $7.61M, up from $6.17M in the previous year, while investing $129,965 in R&D for next-generation M-IOT sensors.

BeWhere Holdings (TSXV: BEW) (OTCQB: BEWFF) reported strong financial results for FY 2024, with significant growth across key metrics. Total revenue increased 45% to $17.5M, while recurring revenue grew 36% to $6.9M. The company achieved a record-high annual gross profit of $5.8M, up 26% year-over-year.

Q4 2024 performance showed continued momentum with total revenue up 45% to $4.7M and recurring revenue increasing 51% to $2.0M. The company maintained a healthy working capital of $7.8M, including $4.5M in cash, while investing $330,778 in R&D for next-generation M-IOT sensors. Net income before tax improved 98% to $1.7M for the full year, with Q4 showing an 80% increase to $484,424.

BeWhere (TSXV: BEW) (OTCQB: BEWFF) has partnered with GISCAD Barbados to expand its asset tracking solutions in Caribbean markets. The partnership introduces BeWhere's new LTE Cat1 Bis-based BeSol+ and BeWired+ devices specifically designed for regions where Low-Power 5G networks are not yet available.

GISCAD, with offices in Trinidad & Tobago, Barbados, Jamaica, and Guyana, will leverage its presence across 29 territories in the Caribbean and Latin America. The partnership focuses on shipping, logistics, and high-value asset tracking applications, with expansion plans for additional markets in late 2025.

The new generation Cat-1 bis products operate on existing LTE networks, providing broad coverage and roaming capabilities without requiring infrastructure upgrades. This solution offers immediate deployment, longer battery life, and cost-effective tracking capabilities for Caribbean businesses.

BeWhere Holdings (TSXV: BEW) (OTCQB: BEWFF) has released a new industry whitepaper co-authored with GSMA Foundry highlighting the transformation of global asset tracking through 5G-satellite integration. The report reveals that the integrated satellite-IoT devices market is projected to reach $10 billion in annual revenue by 2030, with 2-3 billion IoT devices ready for satellite integration out of 38 billion total devices.

The whitepaper, titled 'Smart Logistics 2025,' details how tracking devices can now switch between multiple networks including Bluetooth, Wi-Fi, LTE-M, NB-IoT, and satellite. These devices feature advanced sensors for monitoring temperature, handling conditions, impact events, and inventory levels, incorporating solar charging for satellite transmission power demands.

According to GSMA intelligence, by 2032, approximately 68% of 57.7 million satellite IoT units will utilize 5G or standard protocols. The technology addresses connectivity gaps in 75% of the world's geographic regions, enabling new business models across industries.

BeWhere Holdings (TSXV:BEW)(OTCQB:BEWFF) has announced the acquisition of a US-based IoT installation and logistics services company for USD600,000. The deal includes USD250,000 in cash and 690,141 common shares at CAD0.71 per share (USD350,000). The target company reported USD1.2 million in revenue and USD170,000 in net income (unaudited) for the trailing twelve months.

The acquisition will establish BeWhere's wholly-owned US subsidiary, enhancing its capability to provide local installation and logistics services to its growing US client base. The transaction awaits final TSX Venture Exchange approval.

Additionally, BeWhere appointed Peter Wilcox to its Board of Directors. Wilcox, currently Director of Technical Product Management at Bell Canada, brings extensive telecommunications expertise, particularly in 5G, IoT, and enterprise digital transformation.

BeWhere Holdings reported record-breaking financial results for Q3 2024, with total revenue reaching $5,030,356, marking a 64% increase year-over-year. The company's recurring revenue grew by 33% to $1,717,274, while operating income rose 57% to $532,660. Working capital stood at $7,252,145, with cash balance of $4,810,367. Adjusted EBITDA improved by 35% to $665,450. The company successfully shipped a record number of devices and expects continued growth following the launch of its next-generation devices.

BeWhere Holdings has announced it will release its financial results for Q3 2024 on November 20, 2024. The company's recent quarterly performance shows consistent growth, with total revenue increasing from $3.07M in Q3 2023 to $4.32M in Q2 2024. Gross profit has also shown steady improvement, rising from $1.25M to $1.41M over the same period. Net profit has fluctuated but demonstrated overall growth, reaching $387,787 in Q2 2024, compared to $284,662 in Q3 2023.

BeWhere Holdings Inc. (TSXV: BEW) (OTCQB: BEWFF) reported its highest ever quarterly revenue and earnings for Q2 2024, with a 40% revenue growth and 13% earnings margin. Key highlights include:

- Total Revenue: $4,320,672 (40% YoY increase)
- Recurring Revenue: $1,660,689 (32% YoY increase)
- Gross Profit: $1,411,263 (31% YoY increase)
- Net income before taxes: $558,892 (510% YoY increase)
- Working capital: $6,768,741
- Cash balance: $4,780,030
- Adjusted EBITDA: $566,317 (118% YoY improvement)

The company demonstrated strong growth across all key metrics while controlling operating expenses and investing in R&D for next-generation M-IoT devices.

BeWhere Holdings (TSXV: BEW, OTCQB: BEWFF), a prominent M-IoT company, will release its financial results for Q2 2024 on August 22, 2024. The results cover the three and six months ending June 30, 2024. Over the last four quarters:

Total Revenue: Q2 2023: $3,086,441, Q3 2023: $3,075,102, Q4 2023: $3,217,734, Q1 2024: $3,500,137.

Gross Profit: Q2 2023: $1,077,677, Q3 2023: $1,250,649, Q4 2023: $1,247,052, Q1 2024: $1,343,332.

Net Profit: Q2 2023: $80,517, Q3 2023: $284,662, Q4 2023: $93,908, Q1 2024: $210,379.

The company highlights Adjusted EBITDA as a non-IFRS measure, useful for operating comparisons, though not superior to IFRS net income. The reconciliation of Adjusted EBITDA to IFRS profit (loss) is in the Management's Discussion and Analysis for the period ending December 31, 2023.