BeWhere Holdings Inc Reports First Quarter 2024 Results
TORONTO, ON. August 22nd 2024 – BeWhere (TSX-V: 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 and six months ended June 30, 2024.
Owen Moore, CEO and Co-Founder stated, “The company continued to perform well with Q1 2024, representing our 13th consecutive quarter of positive net income.” He further noted, “High margin recurring revenue was a quarterly record, totaling $1.5 million and represents 28% year over year growth.”
Chris Panczuk, COO and Co-Founder stated, “We are pleased with the results as the company recorded the highest ever quarterly Gross profit of $1,411,263”. He further noted “The Company continued to improve on all its key metrics, while controlling its operating expenses and investing in research and development on its next generation M-IoT devices”.
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