BeWhere Holdings Inc. Reports First Quarter 2025 Fiscal Results
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 (OTCQB: BEWFF), un'azienda specializzata nel Mobile Internet of Things, ha riportato risultati finanziari solidi per il primo trimestre del 2025. La società ha registrato una crescita dei ricavi del 20% su base annua, raggiungendo 4,21 milioni di dollari, con ricavi ricorrenti in aumento del 40% a 2,14 milioni di dollari. L'utile netto è cresciuto del 49%, arrivando a 312.679 dollari, mentre il profitto lordo è migliorato del 19%, attestandosi a 1,59 milioni di dollari.
Nonostante alcune ritardi negli ordini dovuti a problemi commerciali tra Stati Uniti e Canada, BeWhere ha mantenuto una performance solida, raggiungendo una liquidità record di 5,76 milioni di dollari, con 1,5 milioni di dollari generati dalle attività operative del primo trimestre. Il capitale circolante della società si è attestato a 7,61 milioni di dollari, in aumento rispetto ai 6,17 milioni dell'anno precedente, mentre sono stati investiti 129.965 dollari in ricerca e sviluppo per sensori M-IOT di nuova generazione.
BeWhere Holdings (OTCQB: BEWFF), una empresa de Internet de las cosas móviles, reportó sólidos resultados financieros para el primer trimestre de 2025. La compañía logró un crecimiento interanual de ingresos del 20% hasta 4,21 millones de dólares, con ingresos recurrentes aumentando un 40% hasta 2,14 millones de dólares. La utilidad neta se disparó un 49% hasta 312,679 dólares, mientras que la ganancia bruta mejoró un 19% hasta 1,59 millones de dólares.
A pesar de problemas comerciales entre EE.UU. y Canadá que causaron algunos retrasos en pedidos, BeWhere mantuvo un desempeño sólido y alcanzó un nivel récord de efectivo de 5,76 millones de dólares, con 1,5 millones generados por actividades operativas en el primer trimestre. El capital de trabajo de la empresa fue de 7,61 millones, frente a 6,17 millones del año anterior, mientras invirtió 129,965 dólares en I+D para sensores M-IOT de próxima generación.
BeWhere Holdings (OTCQB: BEWFF), 모바일 사물인터넷(Mobile IoT) 기업이 2025년 1분기 강력한 재무 실적을 보고했습니다. 회사는 전년 동기 대비 20% 매출 성장을 기록하며 421만 달러를 달성했고, 반복 매출은 40% 증가한 214만 달러에 달했습니다. 순이익은 49% 증가한 312,679달러를 기록했으며, 총이익은 19% 상승한 159만 달러를 기록했습니다.
미국과 캐나다 간 무역 문제로 일부 주문 지연이 있었음에도 불구하고 BeWhere는 견고한 실적을 유지하며 역대 최고 현금 보유액 576만 달러를 기록했으며, 1분기 영업활동을 통해 150만 달러를 창출했습니다. 회사의 운전자본은 전년 617만 달러에서 761만 달러로 증가했으며, 차세대 M-IOT 센서 개발을 위해 129,965달러를 연구개발에 투자했습니다.
BeWhere Holdings (OTCQB : BEWFF), une entreprise spécialisée dans l'Internet des objets mobiles, a publié de solides résultats financiers pour le premier trimestre 2025. La société a enregistré une croissance du chiffre d'affaires de 20 % en glissement annuel à 4,21 millions de dollars, avec des revenus récurrents en hausse de 40 % à 2,14 millions de dollars. Le bénéfice net a bondi de 49 % pour atteindre 312 679 dollars, tandis que la marge brute s'est améliorée de 19 % pour atteindre 1,59 million de dollars.
Malgré des problèmes commerciaux entre les États-Unis et le Canada ayant entraîné certains retards de commandes, BeWhere a maintenu une performance solide et a atteint un niveau record de trésorerie de 5,76 millions de dollars, avec 1,5 million généré par les activités opérationnelles du premier trimestre. Le fonds de roulement de l'entreprise s'élevait à 7,61 millions de dollars, en hausse par rapport à 6,17 millions l'année précédente, tandis que 129 965 dollars ont été investis en R&D pour les capteurs M-IOT de nouvelle génération.
BeWhere Holdings (OTCQB: BEWFF), ein Unternehmen im Bereich Mobile Internet of Things, meldete starke Finanzergebnisse für das erste Quartal 2025. Das Unternehmen erzielte ein Umsatzwachstum von 20% im Jahresvergleich auf 4,21 Millionen US-Dollar, wobei die wiederkehrenden Einnahmen um 40% auf 2,14 Millionen US-Dollar stiegen. Der Nettogewinn stieg um 49% auf 312.679 US-Dollar, während der Bruttogewinn um 19% auf 1,59 Millionen US-Dollar zunahm.
Trotz Handelsproblemen zwischen den USA und Kanada, die zu einigen Auftragsverzögerungen führten, zeigte BeWhere eine robuste Leistung und erreichte eine historische Höchstmarke beim Kassenbestand von 5,76 Millionen US-Dollar, wobei 1,5 Millionen US-Dollar aus operativen Tätigkeiten im ersten Quartal generiert wurden. Das Working Capital des Unternehmens lag bei 7,61 Millionen US-Dollar, gegenüber 6,17 Millionen im Vorjahr, während 129.965 US-Dollar in Forschung und Entwicklung für die nächste Generation von M-IOT-Sensoren investiert wurden.
- Revenue grew 20% YoY to $4.21M
- Recurring revenue increased 40% YoY to $2.14M
- Net income surged 49% YoY to $312,679
- Cash position reached all-time high of $5.76M
- Strong working capital of $7.61M, up from $6.17M previous year
- U.S.-Canadian trade issues caused short-term delays in orders
Toronto, Ontario--(Newsfile Corp. - May 21, 2025) - BeWhere (TSXV: BEW) (OTCQB: BEWFF) ("BeWhere" or the "Company"), a leading Mobile Internet of Things (M-IoT) company, is pleased to announce its financial results for three months ended March 31, 2025.
Owen Moore, CEO and Co-Founder stated, "We are pleased with how the company navigated the impact of U.S.- Canadian trade issues during the first quarter of 2025. Despite trade issues causing some short-term delays in orders, the Company still managed to grow revenue by
Chris Panczuk, COO and Co-Founder stated, "We are pleased to report a strong start to the year, with first-quarter gross profit reaching
First Quarter 2025 Highlights
- Total revenue increased by
20% year over year – Total Revenue for the three months ended March 31, 2025, was$4,214,793 compared to$3,500,137 for the same period in 2024: an increase of$714,656.
- Recurring revenue increased by
40% year over year – Recurring Revenue for the three months ended March 31, 2025, was$2,142,310 compared to$1,535,543 for the same period in 2024: an increase of$606,767.
- Gross profit increased by
19% year over year – Gross profit for the three months ended March 31, 2025, was$1,595,993 compared to$1,343,332 for the same period in 2024: an improvement of$252,661.
- Net income increased by
49% year over year – Net income for the three months ended March 31, 2025, was$312,679 compared to$210,379 for the same period in 2024: an increase of$102,300.
- Working capital – At March 31, 2025, the Company had a working capital balance of
$7,611,938 (March 31, 2024 -$6,176,461) including cash of$5,766,063 (March 31, 2024 -$4,323,320) . The Company maintained a healthy working capital level despite incurring research and development costs totaling$129,965 for its next generation of M-IOT sensors and solutions.
About BeWhere
BeWhere (TSXV: BEW) (OTCQB: BEWFF) specializes in low-power 5G IoT wide-area tracking technology, creating remote monitoring solutions that address cost, power, and environmental challenges. In just 6 years, the company has experienced rapid growth, collaborating with Fortune 500 companies, top resellers and installers to deploy hundreds of thousands of trackers across numerous sectors, including transportation, construction, logistics, utilities, health, and government.
BeWhere's tracking solutions are designed to be both cost-effective and simple to implement, significantly expanding the scope of assets that can be connected. These connected devices generate data that powers intelligent AI management platforms. By increasing the number of connected devices, BeWhere enhances the capabilities and growth potential of AI solutions.
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CONTACT INFORMATION
BeWhere Inc.
Margaux Berry, VP Strategy and Growth
1 (844) 229-4373 x 107
IR@bewhere.com
Cautionary Statements Regarding Forward-Looking Information
Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations, or beliefs of future performance, are "forward-looking statements".
We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.
Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
BeWhere Holdings Inc. (the "Company") does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company's historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.
The Company's audited Consolidated Financial Statements for the period ended March 31, 2025 and 2024, together with its corresponding Management's discussion and analysis can be found under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.bewhere.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the Policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252919
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