Welcome to our dedicated page for Bewhere Hldgs news (Ticker: BEWFF), a resource for investors and traders seeking the latest updates and insights on Bewhere Hldgs stock.
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.
On May 16, 2024, BeWhere (TSXV: BEW, OTCQB: BEWFF), a Mobile Internet of Things (M-IoT) company, announced that its new suite of devices has received Network Optimized (NO) and FirstNet Trusted certification from AT&T. These certifications include the BeSol+, BeWired+, BeTen+, and BeMini products, which provide real-time asset tracking and inventory management for various enterprises. The AT&T certification ensures that these devices meet criteria for SIM and RAN compatibility, user experience, and security readiness. These certifications position BeWhere and AT&T's combined offerings as a leading solution in the U.S. The products support diverse applications, from tracking outdoor assets like dry vans to monitoring medical equipment. BeWhere's cloud-based platform enhances tracker management with features such as geofencing, motion alerts, and temperature reports. The company highlights the significance of these certifications in validating the quality of their technology and expanding their market reach.
BeWhere Holdings (TSXV: BEW, OTCQB: BEWFF) announced its Q1 2024 financial results, showcasing its 13th consecutive quarter of positive net income.
Total revenue increased by 31% year-over-year, reaching $3.5 million. Recurring revenue saw a 28% year-over-year rise, totaling $1.5 million. Gross profit also improved by 27% to $1.34 million.
Net income before taxes surged by 185%, amounting to $401,269. The company's working capital stood at $6.18 million, with a cash balance of $4.32 million.
Additionally, the company granted 150,000 options at an exercise price of $0.375 per share to two independent directors and the CFO, expiring in May 2029.
BeWhere Holdings has received approval from the TSX Venture Exchange for a Normal Course Issuer Bid to buy back up to 4,416,074 common shares, representing approximately 5% of its outstanding shares. The buyback period will run from May 24, 2022 to May 23, 2023, or until all shares are purchased. The shares will be acquired at market price through the TSX Venture Exchange. After repurchase, the shares will be cancelled to reduce the total outstanding shares.
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