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Overview of Boardwalktech Software Corp.
Boardwalktech Software Corp. (BWLKF) is a pioneering digital ledger platform and enterprise software solutions provider that specializes in transforming traditional, spreadsheet‐driven processes into secure, compliant, and scalable applications. Leveraging its patented digital ledger technology, Boardwalktech is recognized for its capability to convert Excel-based end user computing (EUC) environments into full-stack, auditable applications. This innovative conversion process integrates key features such as secure data access, dynamic download of access-controlled data, and automatic clearing of sensitive information, thereby significantly mitigating risks and enhancing compliance. Industry-specific keywords such as digital ledger technology, enterprise software solutions, and financial compliance attest to the company’s specialized expertise and commitment to secure data governance.
Core Technology and Intellectual Property
At the heart of Boardwalktech’s offerings is its patented Digital Ledger Technology Platform, a unique architecture that enables multiple parties to work concurrently on the same datasets without compromising data integrity or provenance. This platform supports a wide range of operations from financial data remediation to supply chain management, underpinning critical business processes for Fortune 500 companies and other large-scale organizations. The technology not only simplifies complex data management tasks but also offers enhanced auditability and governance features that are essential for regulatory compliance in financial institutions.
Key Product Offerings: Velocity and Unity Central
The Velocity product is a flagship solution designed to transition legacy Excel and Access-based systems into compliant and auditable digital frameworks. Financial institutions, hedge funds, and private equity firms utilize Velocity to dramatically reduce transformation costs and deployment time, benefiting from a solution that safeguards sensitive financial models while preserving the familiar Excel interface. In parallel, the Unity Central platform addresses significant challenges in supply chain and order execution. It delivers improved visibility and control by linking unstructured and structured data, providing real-time monitoring, proactive alerts, and intelligent insights that are crucial for managing complex, document-intensive environments.
Market Position and Strategic Partnerships
Boardwalktech occupies a distinctive position in the market by bridging the gap between traditional legacy systems and modern, cloud-based data management solutions. The company’s strategic partnerships with globally recognized firms such as Tata Consultancy Services (TCS) and UST are a testament to its credibility and capability. These alliances empower Boardwalktech to deploy its Velocity and Unity Central solutions at scale across the financial services and supply chain sectors. The company’s emphasis on channel sales, teaming agreements, and investor relations further positions it to address evolving market demands through proven digital transformation strategies.
Business Model and Value Proposition
The business model of Boardwalktech is multifaceted, centering on delivering high-impact transformation solutions that convert risky, non-compliant legacy systems into modern and secure enterprise applications. By facilitating the rapid remediation of outdated EUC environments, Boardwalktech not only helps financial institutions improve their risk and compliance frameworks but also enhances operational efficiency. Its model is built on recurring SaaS license revenues and service-based consulting engagements, ensuring that the value proposition remains robust and scalable across diverse markets. This integrated approach provides clients with significant return on investment (ROI) by reducing transformation time and costs while boosting reliability and compliance.
Industry Impact and Expertise
Boardwalktech’s disruptive digital ledger technology has made significant inroads in industries where data integrity and operational compliance are paramount. Its solutions are particularly impactful in the financial and supply chain sectors, where the rapid transformation of legacy data systems is critical. The company’s expertise in managing both structured and unstructured data sets it apart from traditional IT solutions, establishing it as a trusted provider capable of delivering state-of-the-art, purpose-built applications. By integrating sophisticated audit trails, dynamic access controls, and seamless user interfaces, Boardwalktech ensures that multiple parties can collaborate efficiently without compromising on data security.
Conclusion
In summary, Boardwalktech Software Corp. stands out as an innovative force in the realm of digital transformation. Its advanced digital ledger technology platform and dual product offerings – Velocity for financial compliance and Unity Central for supply chain management – enable organizations to modernize legacy systems with exceptional speed and security. With a strong emphasis on strategic partnerships and a proven track record of implementing mission-critical applications for Fortune 500 enterprises, Boardwalktech reflects deep industry expertise and a commitment to providing high-quality, secure, and compliant software solutions. Whether it is mitigating risks associated with legacy EUCs or enhancing supply chain visibility, Boardwalktech delivers a comprehensive suite of services built on a foundation of technical excellence and operational integrity.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) has announced a strategic partnership with Trillium Digital Services to advance their Boardwalk Platform with a focus on supply chain solutions. The collaboration was unveiled at the ISG Xperience Summit in New York.
The partnership showcases Unity Central, Boardwalktech's product that enables organizations to create a digital chain of custody across enterprise information systems. The platform has gained traction among Fortune 500 companies across food manufacturing, technology, telecommunications, and consumer product sectors.
Michael Ciatto, newly appointed Managing Partner at Trillium, highlighted that clients have responded positively to Boardwalktech's approach, particularly in industries with complex supply chains and regulatory requirements. The partnership aims to bridge the gap between legacy systems and cutting-edge innovations, focusing on creating resilient, adaptive operations while improving employee experience.
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.
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