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Last C$1.90 CAD
Change Today +0.02 / 1.06%
Volume 2.4K
WEW On Other Exchanges
As of 4:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

webtech wireless inc (WEW) Snapshot

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52 Week High
04/28/14 - C$2.13
52 Week Low
01/19/15 - C$1.32
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Current Stock Chart for WEBTECH WIRELESS INC (WEW)

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webtech wireless inc (WEW) Details

Webtech Wireless Inc. provides fleet management telematics, global positioning system, and automatic vehicle location (AVL) solutions worldwide. The company offers Webtech Fleet Center, a fleet management software that offers a range of fleet management solutions for mixed fleets used in commercial and government verticals. It also provides fleet management services comprising mobile computing, digital forms/reporting, invoicing, city search, and data collection; and winter maintenance services, such as detailed tracking of de-ice and traction materials road application for government fleet expense and material management, environmental compliance, and contractor management. In addition, the company offers location based services, including navigation, AVL/tracking, localized Internet, traffic reporting, proximity advertising, geofencing, and vehicle monitoring; and telematics for the planet, a measurement and reporting system, which enables users and enterprises to measure, monitor, and report carbon emissions. Further, it provides safety and security services comprising monitoring the transport of hazardous material, anti-theft, vehicle recovery, air-bag deployment notification, remote door lock/unlock, and remote vehicle diagnostics; connectivity services, such as dispatch, voice/cellular, data, messaging, and peripherals; and drivers logs and other measures required for hours of service regulations, automated reporting in regulatory formats, driver and other alerts, and trip recorder. Additionally, the company offers professional services, including installation services and project management; customization of reporting; and support and maintenance for enterprise licenses, mapping licenses, and other advisory work. It serves commercial and government fleet operations in transportation, construction, oil and gas, winter operations, public works, and waste management. The company was founded in 1999 and is headquartered in Burnaby, Canada.

133 Employees
Last Reported Date: 03/20/15
Founded in 1999

webtech wireless inc (WEW) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: C$37.5K
Chief Financial Officer
Total Annual Compensation: C$207.5K
Chief Operating Officer
Total Annual Compensation: C$250.0K
Senior Vice President of Sales and Marketing
Total Annual Compensation: C$32.4K
Compensation as of Fiscal Year 2014.

webtech wireless inc (WEW) Key Developments

Webtech Wireless Inc. Provides Earnings Guidance for the First Quarter of 2015

Webtech Wireless Inc. provided earnings guidance for the first quarter of 2015. For the quarter, the company expects to report revenues of approximately $8.0 million for the first quarter of 2015 based on preliminary unaudited financial results. The company's final determination of revenue for the period is subject to finalizing Webtech Wireless' first quarter financial results, including confirmation of revenue recognized for the quarter. Though the company does experience quarterly fluctuations in revenue, estimated revenues for the three month period have increased over the prior comparable quarter of $6.7 million. The year over year variance is largely the result of government solution sales and implementations during the period, as well as new solution purchases from an existing enterprise fleet customer.

Rothschild Location Technologies Llc Files Patent Infringement Lawsuit against Webtech Wireless

Webtech Wireless Inc. has learned of a lawsuit filed on March 20, 2015 by Rothschild Location Technologies LLC in the U.S. District Court in the Eastern District of Texas, for alleged patent infringement. The complaint has not yet been served on the Company. The lawsuit pertains to infringement on systems for remotely entering and sharing location information, such as those provided by Webtech Wireless' Quadrant Manager Mobile.

Webtech Wireless Inc. Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Webtech Wireless Inc. reported earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported EBITDA of $0.4 million compared to negative of $0.3 million a year ago. Net loss was $0.3 million or $0.02 per share, including non-operating expense charges of $0.6 million, for restructuring of the company's operations, compared to a net loss of $0.3 million or $0.01 per share a year ago. Revenue was $6.6 million in the quarter compared to $7.2 million in the prior comparable period, with the decrease primarily due to a reduction in hardware deliveries to the Company's non-core business segments and lower recurring revenues. For the year, EBITDA was negative at $0.2 million compared to EBITDA of $0.2 million a year ago. Net loss was $2.1 million or $0.10 per share, including non-operating expense charges of $1.8 million, for restructuring of the company's operations, compared to a net income of $0.3 million or $0.01 per share a year ago. Revenue was $25.8 million for the year compared to $30.1 million in 2013 with the decrease largely the result of fewer hardware deliveries to commercial customers and non-core business segments.


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WEW Competitors

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CalAmp Corp $20.34 USD -1.41
Fleetmatics Group PLC $46.62 USD -1.73
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Trimble Navigation Ltd $25.38 USD -0.34
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Price/Sales 1.4x
Price/Book 1.0x
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TEV/Sales 0.5x

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