TORONTO, ON. May 16, 2022 – BeWhere (TSX-V: BEW, OTCQB: BEWFF) (“BeWhere” or the “Company”), a Mobile Internet of Things (M-IoT) company, is pleased to announce its financial results for three months ended March 31, 2022.
Owen Moore, CEO and Co-Founder stated, “The Company progressed well during the quarter having achieved record Q1 revenue and income”. He further noted “the company’s cash position during the quarter increased substantially to $2,999,364, as it generated $465,859 from operating activities”.
Chris Panczuk, COO and Co-Founder stated, “We are pleased with the results as the company managed to record revenue despite Covid related shutdown in China”. He further noted “we remain focused on maintaining healthy gross profit on our products”.