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BeWhere Holdings Inc (BEWFF) is a leader in mobile IoT solutions, specializing in low-power asset tracking and environmental monitoring systems. This page serves as the definitive source for official company news, providing investors and industry professionals with timely updates on strategic developments.
Access curated press releases covering earnings reports, product innovations like LTE-M/NB-IoT devices, and partnerships across transportation, utilities, and government sectors. Discover updates on certifications such as AT&T Network Optimized status and FirstNet Trusted compliance that validate technical leadership.
Our repository includes announcements on new sensor capabilities, market expansions, and operational milestones. All content is vetted for accuracy and relevance to support informed analysis of BEWFF's position in the connected devices ecosystem.
Bookmark this page for streamlined access to critical updates about BeWhere's cost-effective tracking solutions and their impact across smart logistics, infrastructure monitoring, and environmental management applications.
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.
BeWhere (TSXV: BEW) (OTCQB: BEWFF), a leading Mobile Internet of Things company, has secured a major follow-up order exceeding 16,000 low-power 5G IoT asset trackers from a global Fortune 100 shipping and logistics company. This expansion follows a successful winter implementation that demonstrated a 15% savings in operational budget for peak season activity.
The company has also engaged A F Parker Consulting, led by telecom marketing veteran Andrew Parker, to support marketing activities and promote BeWhere's innovative mobile tracking solutions. Additionally, BeWhere has granted 200,000 stock options to two independent directors at an exercise price of $0.45 per share, expiring on July 12, 2029.
BeWhere Holdings announces plans to repurchase up to 5% of its issued and outstanding common shares through a Normal Course Issuer Bid (NCIB) starting June 7, 2024, and ending June 6, 2025. The company believes its current market price underestimates the true value of its shares. As of May 31, 2024, BeWhere had 87,231,111 issued and outstanding shares, translating to a maximum repurchase of 4,361,555 shares. If shares acquired under the current NCIB reduce outstanding shares to 84,052,762, the repurchase target would drop to 4,202,638 shares. Purchases will occur through TSX Venture Exchange facilities at market prices, with Beacon Securities handling transactions. All repurchased shares will be canceled, pending regulatory approval.