BeWhere Holdings Celebrates Record Fiscal Year

BeWhere Holdings (TSE:BEW) has released an update.

BeWhere Holdings Inc. has reported a significant upturn in its 2023 fiscal results, with a year-over-year total revenue increase of 20% and a 31% growth in recurring revenue, culminating in a record pre-tax income of $828,902. The company’s gross profit also soared by 31% to reach $4,633,361, marking a landmark year for the Mobile Internet of Things provider. Despite considerable investment in research and development, BeWhere maintained robust working capital and achieved a 54% boost in its adjusted EBITDA.

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