01:02 PM EDT, 05/15/2024 (MT Newswires) -- BeWhere Holdings ( BEWFF ) on Wednesday reported a first-quarter profit of $210,383, or $0.00 per share, up from $141,574, or $0.00, a year earlier.

Revenue for the quarter ended March 31 was $3.5 million, up 31% from $2.7 million a year earlier. Adjusted EBITDA for Q1 was $357,706 versus $331,777 a year earlier.

At March 31, the company's working capital balance was about $6.2 million, including cash of about $4.3 million.

The company's shares gained 2.6% on last look on Wednesday in Canada.

BeWhere ( BEWFF ) is a mobile internet of things services company that designs and sells self-powered hardware with sensors and software applications.

The company's shares were last seen up C$0.01 to C$0.40 on the TSX Venture Exchange.

Price: 0.40, Change: +0.01, Percent Change: +2.56