BeWhere Holdings Inc. Reports Second Quarter 2025 Fiscal Results
BeWhere Holdings (OTCQB: BEWFF), a Mobile Internet of Things (M-IoT) company, reported strong Q2 2025 financial results with record quarterly revenue of $5.52M, up 28% year-over-year. The company achieved its second-highest quarter in product sales at $3.0M.
Recurring revenue grew 21% to $2.01M, while Annual Recurring Revenue (ARR) increased 23% to $8.2M. Despite revenue growth, gross profit only increased 2% to $1.44M, and Adjusted EBITDA declined 42% to $326,565, primarily due to $425,000 in tariff costs. The company maintains a strong financial position with $4.5M cash on hand and plans to implement a revised supply chain program in Q3 to minimize tariff impacts.
BeWhere Holdings (OTCQB: BEWFF), società nel settore Mobile Internet of Things (M-IoT), ha registrato risultati finanziari solidi nel Q2 2025 con ricavi trimestrali record di 5,52 milioni di dollari, in aumento del 28% su base annua. L'azienda ha ottenuto il suo secondo miglior trimestre per vendite di prodotto con 3,0 milioni di dollari.
I ricavi ricorrenti sono cresciuti del 21% raggiungendo 2,01 milioni di dollari, mentre l'Annual Recurring Revenue (ARR) è aumentato del 23% a 8,2 milioni di dollari. Nonostante la crescita dei ricavi, il margine lordo è salito solo del 2% a 1,44 milioni di dollari e l'Adjusted EBITDA è diminuito del 42% a 326.565 dollari, principalmente a causa di 425.000 dollari di dazi. L'azienda mantiene una solida posizione finanziaria con 4,5 milioni di dollari in cassa e prevede di implementare in Q3 un programma di approvvigionamento rivisto per ridurre l'impatto dei dazi.
BeWhere Holdings (OTCQB: BEWFF), una compañía de Mobile Internet of Things (M-IoT), informó sólidos resultados financieros en el 2T 2025 con ingresos trimestrales récord de $5.52M, un incremento del 28% interanual. La empresa alcanzó su segundo mejor trimestre en ventas de productos con $3.0M.
Los ingresos recurrentes crecieron 21% hasta $2.01M, mientras que el Annual Recurring Revenue (ARR) aumentó 23% hasta $8.2M. A pesar del crecimiento de ingresos, la utilidad bruta solo subió 2% a $1.44M y el EBITDA Ajustado cayó 42% hasta $326,565, principalmente por $425,000 en aranceles. La compañía mantiene una sólida posición financiera con $4.5M en efectivo y planea implementar en el 3T un programa de cadena de suministro revisado para minimizar el impacto de los aranceles.
BeWhere Holdings(OTCQB: BEWFF)는 M-IoT(모바일 사물인터넷) 회사로서 2025년 2분기에 분기별 사상 최대 매출 552만 달러를 기록하며 전년 대비 28% 성장한 견조한 실적을 보고했습니다. 제품 매출은 300만 달러로 분기 기준 두 번째로 높은 수준을 달성했습니다.
반복 수익은 21% 증가한 201만 달러, 연간 반복 수익(ARR)은 23% 증가한 820만 달러를 기록했습니다. 매출 증대에도 불구하고 총이익은 2% 증가한 144만 달러에 그쳤고, 조정 EBITDA는 관세 비용 42만5천 달러의 영향으로 42% 감소한 326,565달러를 기록했습니다. 회사는 현금 450만 달러로 재무 건전성을 유지하고 있으며, 관세 영향을 최소화하기 위해 3분기에 공급망 프로그램을 개정해 시행할 계획입니다.
BeWhere Holdings (OTCQB: BEWFF), société spécialisée dans le Mobile Internet of Things (M-IoT), a publié de solides résultats pour le 2e trimestre 2025 avec un chiffre d'affaires trimestriel record de 5,52 M$, en hausse de 28% sur un an. La société a réalisé son deuxième meilleur trimestre en ventes de produits avec 3,0 M$.
Les revenus récurrents ont augmenté de 21% pour atteindre 2,01 M$, tandis que l'Annual Recurring Revenue (ARR) a progressé de 23% pour s'établir à 8,2 M$. Malgré la hausse du chiffre d'affaires, la marge brute n'a augmenté que de 2% à 1,44 M$ et l'EBITDA ajusté a diminué de 42% à 326 565 $, principalement en raison de 425 000 $ de droits de douane. La société conserve une solide position financière avec 4,5 M$ de trésorerie et prévoit de mettre en place au 3e trimestre un programme de chaîne d'approvisionnement révisé pour minimiser l'impact des droits de douane.
BeWhere Holdings (OTCQB: BEWFF), ein Unternehmen im Bereich Mobile Internet of Things (M-IoT), meldete starke Finanzergebnisse für Q2 2025 mit rekordverdächtigen Quartalsumsätzen von 5,52 Mio. USD, ein Plus von 28% im Jahresvergleich. Das Unternehmen erzielte den zweitbesten Quartalswert bei Produktverkäufen von 3,0 Mio. USD.
Die wiederkehrenden Umsätze stiegen um 21% auf 2,01 Mio. USD, während der Annual Recurring Revenue (ARR) um 23% auf 8,2 Mio. USD zunahm. Trotz Umsatzwachstums stieg der Bruttogewinn nur um 2% auf 1,44 Mio. USD und das bereinigte EBITDA sank um 42% auf 326.565 USD, hauptsächlich bedingt durch 425.000 USD an Zollkosten. Das Unternehmen verfügt über eine starke Finanzlage mit 4,5 Mio. USD an liquiden Mitteln und plant, im dritten Quartal ein überarbeitetes Lieferkettenprogramm einzuführen, um Zollbelastungen zu minimieren.
- Record quarterly revenue of $5.52M, up 28% year-over-year
- Second-highest quarter in Product sales at $3.0M
- Recurring Revenue grew 21% to $2.01M with ARR up 23% to $8.2M
- Strong cash position with $4.5M on hand
- Adjusted EBITDA declined 42% to $326,565 year-over-year
- Gross profit growth limited to 2% due to $425,000 in tariff costs
- Current tariff environment negatively impacting profitability
Toronto, Ontario--(Newsfile Corp. - August 28, 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 June 30, 2025.
Owen Moore, CEO and Co-Founder stated, "Despite tariff uncertainties, we are pleased to report record quarterly sales of just above
Chris Panczuk, COO and Co-Founder added, "While the current tariff environment has impacted our profitability, we have assessed many supply chain options and will be enacting our revised program to minimize tariffs starting in Q3. We ended the quarter in a solid financial position with
Second Quarter 2025 Highlights
- Record quarterly revenue increased by
28% year over year - Total Revenue for the three months ended June 30, 2025, was$5,519,689 compared to$4,320,672 for the same period in 2024: an increase of$1,199,017. T his is a record quarter for the Company driven by the second highest quarter in Product revenues in the Company's history.
- Recurring Revenue increased by
21% year over year while ARR increased by23% - Recurring Revenue for the three months ended June 30, 2025, was$2,005,455 compared to$1,660,689 for the same period in 2024: an increase of$344,766. Similarly, ARR (Annual Recurring Revenue) stands at approximately$8.2M ending June 30, 2025, vs.$6.6M for the same period in 2024, an increase of23% year over year.
- Gross Profit increased by
2% year over year - Gross profit for the three months ended June 30, 2025, was$1,440,915 compared to$1,411,263 for the same period in 2024: an improvement of$29,652. Gross profit in 2025 has been impacted by higher tariff charges, amounting to approximately$425,000 in Q2.
- Adjusted EBITDA decreased by
42% year over year - Adjusted EBITDA for the three months ended June 30, 2025, was$326,565 compared to$566,317 for the same period in 2024: a decline of$239,752. Adjusted EBITDA was impacted by higher tariff costs, amounting to approximately$425,000 in Q2. The Company expects to mitigate most of this dollar cost impact from tariffs over the coming quarters as it executes on its revised supply chain program.
Non-IFRS Measures
Adjusted EBITDA is a non-IFRS measure and does not have standardized meaning as it relates to performance measures and may not be comparable to other issuer disclosures of similar performance measures. The Company has provided a reconciliation of Adjusted EBITDA to IFRS profit (loss) in the Management's Discussion and Analysis for the period ended June 30, 2025. Adjusted EBITDA is defined as earnings before interest income, taxes, depreciation and amortization, share-based compensation, and other non-recurring gains and losses. Management believes that Adjusted EBITDA is a useful measure that facilitates period to period operating comparisons. Adjusted EBITDA should not be considered superior to IFRS net income (loss).
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. Over the last 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.
Follow BeWhere on LinkedIn, Facebook, and YouTube.
CONTACT INFORMATION
BeWhere Inc.
Margaux Berry, Chief Strategy Officer
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 June 30, 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/264276
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