Business
BeWhere Holdings Inc. Announces Release Date of Second Quarter 2024 Results
Toronto, Ontario--(Newsfile Corp. - August 8, 2024) - BeWhere (TSXV: BEW) (OTCQB: BEWFF) ("BeW...
About this update from Bewhere Holdings, Inc.
[{"type":"text","content":"BeWhere Holdings Inc. Announces Release Date of Second Quarter 2024 ResultsToronto, Ontario--(Newsfile Corp. - August 8, 2024) - BeWhere (TSXV: BEW) (OTCQB: BEWFF) (\"BeWhere\" or the \"Company\"), a leading Mobile Internet of Things (M-IoT) company, announces the release date of its financial results for three and six months ended June 30, 2024. The company will announce its second quarter 2024 results on August 22, 2024. Below is the summary of results for its last four quarter:2023202320232024Q2Q3Q4Q1Total Revenue3,086,4413,075,1023,217,7343,500,137Gross profit1,077,6771,250,6491,247,0521,343,332Net profit80,517284,66293,908210,379 Non-IFRS MeasuresAdjusted 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 December 31, 2023. 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 BeWhereBeWhere (TSXV: BEW) (OTCQB: BEWFF) is a Mobile Internet of Things (\"M-IoT\") solutions company that designs and sells self-powered hardware with sensors and software applications. Our solutions serve two main markets: (1) Asset Tracking, consisting of remote location tracking various non-powered fixed and movable assets such as trailers, dry vans etc., and (2) Connected Sensors, to remotely track information on assets for water pressure, water detection and soil moisture. BeWhere's devices use the latest available cellular technologies (LTE-M and NB-IoT) to transmit collected data into mobile applications and cloud-based platforms, at a much lower cost than traditional cellular networks. BeWhere also offers solutions that can be fully integrated with existing software, and white-labeled. BeWhere' solutions are innovative, offering low-cost sophisticated technology which allows customers to deploy remote tracking technology where cost was previou...