BeWhere Holdings Inc. Announces Release Date of Third Quarter 2024 Results

Newsfile Corp.
3 min read

In This Article:

BeWhere will announce its third quarter 2024 results on November 20, 2024, as stated in the press release.

According to the press release, BeWhere's financial results for the last four quarters are as follows: Q3 2023 - Total Revenue: $3,075,102, Gross profit: $1,250,649, Net profit: $284,662; Q4 2023 - Total Revenue: $3,217,734, Gross profit: $1,247,052, Net profit: $93,908; Q1 2024 - Total Revenue: $3,500,137, Gross profit: $1,343,332, Net profit: $210,379; Q2 2024 - Total Revenue: $4,320,672, Gross profit: $1,411,263, Net profit: $387,787.

BeWhere specializes in low-power 5G IoT wide-area tracking technology, creating remote monitoring solutions that address cost, power, and environmental challenges, as stated in the press release.

Adjusted EBITDA is a non-IFRS measure that is defined as earnings before interest income, taxes, depreciation and amortization, share-based compensation, and other non-recurring gains and losses, as stated in the press release.

BeWhere's audited Interim Consolidated Financial Statements for the period ended June 30, 2024 and 2023 can be found under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.bewhere.com, as stated in the press release.

Generated by Yahoo Finance AI

Toronto, Ontario--(Newsfile Corp. - November 12, 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 nine months ended September 30, 2024.

The company will announce its third quarter of 2024 results on November 20, 2024.

Below is the summary of results for the last four quarters:

2023

2023

2023

2024

Q3

Q4

Q1

Q2

Total Revenue

3,075,102

3,217,734

3,500,137

4,320,672

Gross profit

1,250,649

1,247,052

1,343,332

1,411,263

Net profit

284,662

93,908

210,379

387,787

 

Non-IFRS Measures

Adjusted 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 BeWhere

BeWhere (TSXV: BEW) (OTCQB: BEWFF) specializes in low-power 5G IoT wide-area tracking technology, creating remote monitoring solutions that address cost, power, and environmental challenges. In just 6 years, the company has experienced rapid growth, collaborating with Fortune 500 companies, top resellers and installers to deploy hundreds of thousands of trackers across numerous sectors, including transportation, construction, logistics, utilities, health, and government.

BeWhere's tracking solutions are designed to be both cost-effective and simple to implement, significantly expanding the scope of assets that can be connected. These connected devices generate data that powers intelligent AI management platforms. By increasing the number of connected devices, BeWhere enhances the capabilities and growth potential of AI solutions.

Follow BeWhere on LinkedIn, Facebook, Twitter, and YouTube

CONTACT INFORMATION
BeWhere Inc.
Margaux Berry, VP Strategy and Growth
1 (844) 229-4373 x 107
[email protected]

Cautionary Statements Regarding Forward Looking Information

Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations, or beliefs of future performance, are "forward-looking statements".

Recommended Stories