BeWhere Holdings (TSE:BEW) has released an update.
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BeWhere Holdings Inc., a Mobile Internet of Things company, reports a remarkable first quarter in 2024 with their 13th consecutive period of positive net income, a 28% growth in high-margin recurring revenue totaling $1.5 million, and the highest ever quarterly gross profit at over $1.34 million. The company’s total revenue saw a 31% increase year-over-year, and net income before taxes rose by an impressive 185%. BeWhere’s financial position remains strong with a working capital of over $6 million and a cash balance of $4.3 million as of March 31, 2024.
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