Bewhere Holdings Inc
XTSX:BEW
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Bewhere Holdings Inc
BeWhere Holdings, Inc. engages in the development of hardware and software for real-time tracking information. The company is headquartered in Etobicoke, Ontario. The firm develops mobile applications, middle-ware and cloud-based solutions that can be integrated with existing software. The company is an Internet provider of real-time information on equipment, tools, and inventory in-transit and at facilities serving the emergency service, construction, utility, and transportation industries. Its solutions serve two markets: Asset Tracking remote location tracking various assets such as trailers, dry vans etc. ; and Connected Sensors of to remotely track sensors information on non-powered fixed and movable assets. The firm's devices use the cellular technologies to transmit collected data into mobile applications and cloud-based platforms. The firm also designs and sells beacons and develops mobile applications, middle-ware, and cloud-based solutions.
BeWhere Holdings, Inc. engages in the development of hardware and software for real-time tracking information. The company is headquartered in Etobicoke, Ontario. The firm develops mobile applications, middle-ware and cloud-based solutions that can be integrated with existing software. The company is an Internet provider of real-time information on equipment, tools, and inventory in-transit and at facilities serving the emergency service, construction, utility, and transportation industries. Its solutions serve two markets: Asset Tracking remote location tracking various assets such as trailers, dry vans etc. ; and Connected Sensors of to remotely track sensors information on non-powered fixed and movable assets. The firm's devices use the cellular technologies to transmit collected data into mobile applications and cloud-based platforms. The firm also designs and sells beacons and develops mobile applications, middle-ware, and cloud-based solutions.
Record Results: BeWhere reported record Q3 revenue, net income, and devices sold.
Profitability: The company achieved its fourth consecutive quarter of positive net income and eighth consecutive quarter of positive EBITDA.
Revenue Growth: Q3 revenue was just shy of $2.5 million, with over 23,000 devices sold in the quarter.
Strong Cash Position: BeWhere ended the quarter with $2.7 million in cash and no debt.
New Product Launch: The BeMini tracker is being commercialized, expected to drive further growth as it rolls out with key distribution partners.
US Market Focus: Over 80% of revenue comes from US-based customers and distributors.
Supply Chain Management: The company has managed supply chain challenges by securing component commitments, avoiding major delays.
Investor Relations: Management plans to increase visibility and improve liquidity by engaging in more IR activities.
