Welcome to our dedicated page for Boardwalktech So news (Ticker: BWLKF), a resource for investors and traders seeking the latest updates and insights on Boardwalktech So stock.
About Boardwalktech Software Corp. (BWLKF)
Boardwalktech Software Corp. is a cutting-edge enterprise software company specializing in digital ledger technology, a patented platform designed to manage vast amounts of structured and unstructured data. Headquartered in Cupertino, California, with operations in North America and India, Boardwalktech serves a global clientele, including Fortune 500 companies. Its innovative solutions are tailored to enable real-time collaboration across multiple parties, ensuring data fidelity, provenance, and security.
Core Technology and Offerings
At the heart of Boardwalktech's value proposition is its Digital Ledger Technology Platform, which uniquely allows simultaneous data collaboration among multiple parties while preserving the integrity and history of the data. This technology powers a range of enterprise applications, including:
- Boardwalk Velocity: A transformative platform for financial institutions to remediate and modernize Excel and Access-based End User Computing (EUC) environments into compliant, auditable, and scalable systems. Velocity is particularly valuable for meeting regulatory requirements like OCC and Dodd-Frank risk modeling.
- Unity Central: A supply chain management solution designed to enhance visibility, optimize order execution, and provide actionable insights through predictive analytics and document management capabilities. This platform addresses the complexities of global supply chains by linking structured and unstructured data for improved decision-making.
Industry Applications
Boardwalktech's solutions are highly versatile, catering to industries with complex data management needs, including:
- Financial Services: Used by top-tier banks and financial institutions to ensure compliance, mitigate risks, and streamline operations.
- Supply Chain Management: Enhances operational efficiency, visibility, and customer satisfaction through advanced data integration and analytics.
- Enterprise Information Management: Delivers collaborative, purpose-built applications that integrate seamlessly with existing enterprise systems of record.
Strategic Partnerships
Boardwalktech has forged key partnerships with industry leaders like Tata Consultancy Services (TCS) and UST, leveraging their expertise and networks to expand its market reach. These collaborations enable the company to deploy its solutions at scale, particularly in the financial services and supply chain sectors.
Competitive Edge
What sets Boardwalktech apart is its patented approach to digital ledger technology, which offers unmatched capabilities for data collaboration and management. Its platforms provide significant ROI, as evidenced by client success stories, including a 10x improvement in deployment time and cost savings compared to traditional solutions. By addressing critical pain points such as compliance, risk management, and supply chain inefficiencies, Boardwalktech has established itself as a trusted partner for enterprise transformation.
Market Position and Vision
Positioned at the intersection of enterprise software and blockchain-inspired technologies, Boardwalktech is uniquely equipped to address the evolving needs of modern businesses. Its focus on recurring revenue growth through SaaS licensing, coupled with its "land and expand" strategy, underscores its commitment to long-term value creation. With a robust pipeline of opportunities and ongoing innovations, the company is well-positioned to drive sustainable growth and deliver measurable impact for its clients.
Boardwalktech Software Corp (OTCQB: BWLKF) has reported its Q3-FY25 financial results. Revenue was $1.29 million, showing a 1% increase from Q2-FY25 but a 12% decrease from Q3-FY24. The company's Annual Recurring Revenue (ARR) stood at $4.2 million.
Key metrics include: gross margin of 88.4%, Adjusted EBITDA loss of $(0.29) million (26% improvement Y/Y), and net loss of $(0.59) million. The company had $0.2 million in cash, $0.5 million in receivables, and $2.35 million in debt as of December 31, 2024.
Recent developments include expansion with a top 5 U.S. bank expected to generate over $300,000 in incremental revenue, enhanced partnership with LTIMindtree, and a five-year renewal with a Fortune 500 food company worth over $300,000. The company has achieved $0.9 million in cost savings year-to-date in Fiscal 2025.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) has announced it will release its Q3 Fiscal 2025 financial results for the period ending December 31, 2024, on Tuesday, February 25, 2025, after market close. The company will host a conference call at 4:30 PM Eastern Time on the same day.
Boardwalktech is a digital ledger platform provider that has developed patented technology currently used by Fortune 500 companies for mission-critical applications. Their platform enables multiple parties to work simultaneously on the same data while maintaining data fidelity and provenance. The company offers collaborative enterprise information management applications with full integration capabilities with enterprise systems of record.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) announced expansion with a top 5 US Bank customer through its Velocity product. The company secured over $300,000 in incremental revenue through expanded professional services agreements, doubling comparable levels from last year.
The company's Velocity solution helps banks transform Excel-based End-User Computing applications (EUCs) into IT-controlled business applications, addressing mounting regulatory pressures and compliance requirements. The solution operates 15 times faster than competitors, with over 50 dedicated people currently working on delivering the Velocity solution across the bank.
This expansion demonstrates growing market acceptance as banks prioritize EUC transformation to manage regulatory risks and improve compliance standards. The company expects additional banks to adopt the Velocity solution based on its documented success and partner network expansion.
Boardwalktech Software Corp (TSXV: BWLK) (OTCQB: BWLKF) and LTIMindtree have expanded their partnership, focusing on a joint project with a top 5 U.S. bank. The collaboration leverages Boardwalk Velocity software to address End User Computing (EUC) applications risk management.
The partnership combines LTIMindtree's expertise in core modernization with Boardwalk Velocity's Digital Ledger-based platform to transform Excel-based EUC applications into IT-controlled business applications. According to third-party data, Velocity can remediate complex EUCs in one-tenth the time and resources while maintaining data integrity.
The solution addresses growing regulatory pressures on banks and insurers to mitigate risks associated with non-compliant EUC applications, offering improved data reliability and compliance management while enabling more profitable business growth.
Boardwalktech Software Corp. (TSXV:BWLK, OTCQB: BWLKF) has secured a five-year extension contract with a Fortune 500 food and snack manufacturer for its supply chain solution. The client, generating $36 billion in annual revenue, is expected to contribute over US$300,000 in license revenue during the contract period, excluding potential professional services and usage-based revenue.
This marks the third expansion since the initial contract in 2015, facilitated through Boardwalktech's partnership with a Fortune 500 consulting and financial services firm. The company anticipates additional deals and referrals through this partnership in the current year. Boardwalktech's platform specializes in transforming unstructured and structured data into operational tools, serving Fortune 500 clients across food manufacturing, technology, telecommunications, and cosmetics sectors.
Boardwalktech Software reported Q2-FY25 financial results with revenue of $1.28 million, showing a 2% increase from Q1-FY24 but a 16% decline from Q2-FY24. The company achieved a gross margin of 88.6% and reported an Adjusted EBITDA loss of $(0.37) million. Annual recurring revenue stood at $4.6 million. The company's net loss was $(0.7) million, improving 10% from Q1-FY25. As of September 30, 2024, Boardwalktech had $0.2 million in cash, $0.6 million in receivables, and $2.2 million in debt. The company reported positive operational progress in its banking sector, with its Velocity product expanding within a top 5 US bank.
Boardwalktech Software (TSXV: BWLK) (OTCQB: BWLKF) announces its Q2 Fiscal 2025 financial results release scheduled for November 27, 2024, after market close. Management will host a conference call at 4:30 PM Eastern Time to discuss results and answer questions. The company, based in Cupertino, California, has developed a patented Digital Ledger Technology Platform used by Fortune 500 companies for mission-critical applications worldwide, enabling multiple parties to work simultaneously on the same data while maintaining data fidelity and provenance.
Boardwalktech Software (TSXV: BWLK) (OTCQB: BWLKF) and Scadea Software Solutions have announced a strategic partnership to market Boardwalktech's software solutions. Under the agreement, Scadea will implement Boardwalk's Velocity and Unity Central products, focusing on financial services and manufacturing industries. Boardwalktech will receive license revenue, while Scadea will earn professional services revenue plus referral fees. The products offer ROIs exceeding 5X, with Velocity transforming Excel-based processes into secure applications and Unity Central optimizing supply chain processes through intelligent platform integration.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) has engaged Sophic Capital Inc. for capital markets advisory services. The agreement, starting October 9, 2024, aims to expand investor awareness and communication. Sophic will receive C$8,000 monthly and 500,000 stock options at CAD $0.14 per share. Additionally, Boardwalktech will issue 810,810 warrants to Spinta Capital at C$0.20 per share for their role in closing an ARR-based Line of Credit. Andrew T. Duncan, Boardwalktech's CEO, emphasized the company's product traction and the need for expanded investor outreach. Boardwalktech, based in Cupertino, California, has developed a patented Digital Ledger Technology Platform used by Fortune 500 companies for mission-critical applications worldwide.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) and HCLTech have expanded their partnership to address the growing need for mitigating risks associated with end-user computing applications (EUCs) in the financial services sector. The collaboration focuses on implementing the Boardwalk Velocity Product, which is currently being used by one of the top 5 US banks.
The Boardwalk Velocity solution aims to transform EUCs into a secure, compliant, and improved environment with proper controls. It addresses four core areas: improving process results, time to transformation, reduced cost to implement, and minimal disruption to users. According to IT partners and financial services customers, Velocity has demonstrated 10x superior performance in terms of deployment time and cost to remediate complex EUCs compared to alternative solutions.
FAQ
What is the current stock price of Boardwalktech So (BWLKF)?
What is the market cap of Boardwalktech So (BWLKF)?
What is Boardwalktech Software Corp. known for?
What industries does Boardwalktech serve?
What are Boardwalktech's core products?
How does Boardwalktech differentiate itself from competitors?
Who are Boardwalktech's key partners?
Where is Boardwalktech headquartered?
What is the primary revenue model for Boardwalktech?
What is the significance of Boardwalk Velocity?
How does Unity Central improve supply chain management?
What is Boardwalktech's competitive advantage?
