BOARDWALKTECH REPORTS SECOND QUARTER FISCAL 2025 FINANCIAL RESULTS
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 ha riportato i risultati finanziari del secondo trimestre dell'anno fiscale 2025, con un fatturato di 1,28 milioni di dollari, mostrando un aumento del 2% rispetto al primo trimestre dell'anno fiscale 2024, ma una diminuzione del 16% rispetto al secondo trimestre dell'anno fiscale 2024. L'azienda ha raggiunto un margine lordo del 88,6% e ha registrato una perdita di EBITDA rettificato di 0,37 milioni di dollari. Il fatturato ricorrente annuale si attestava a 4,6 milioni di dollari. La perdita netta dell'azienda è stata di 0,7 milioni di dollari, migliorando del 10% rispetto al primo trimestre dell'anno fiscale 2025. Al 30 settembre 2024, Boardwalktech aveva 0,2 milioni di dollari in contanti, 0,6 milioni di dollari in crediti e 2,2 milioni di dollari in debito. L'azienda ha riportato progressi operativi positivi nel suo settore bancario, con il suo prodotto Velocity in espansione all'interno di una delle prime 5 banche americane.
Boardwalktech Software informó los resultados financieros del segundo trimestre del año fiscal 2025, con ingresos de 1.28 millones de dólares, lo que refleja un aumento del 2% en comparación con el primer trimestre del año fiscal 2024, pero una disminución del 16% en comparación con el segundo trimestre del año fiscal 2024. La compañía logró un margen bruto del 88.6% y reportó una pérdida de EBITDA ajustado de 0.37 millones de dólares. Los ingresos recurrentes anuales se situaron en 4.6 millones de dólares. La pérdida neta de la empresa fue de 0.7 millones de dólares, mejorando un 10% respecto al primer trimestre del año fiscal 2025. Al 30 de septiembre de 2024, Boardwalktech tenía 0.2 millones de dólares en efectivo, 0.6 millones de dólares en cuentas por cobrar y 2.2 millones de dólares en deudas. La empresa informó de un progreso operativo positivo en su sector bancario, con su producto Velocity expandiéndose dentro de uno de los 5 principales bancos de EE. UU.
Boardwalktech Software는 2025 회계연도 2분기 재정 결과를 발표했으며, 수익은 128만 달러로 2024 회계연도 1분기 대비 2% 증가했지만, 2024 회계연도 2분기 대비 16% 감소했습니다. 이 회사는 88.6%의 총 마진을 달성했으며, 조정된 EBITDA 손실은 0.37백만 달러로 보고했습니다. 연간 반복 수익은 460만 달러에 달했습니다. 회사의 순손실은 0.7백만 달러로, 2025 회계연도 1분기 대비 10% 개선되었습니다. 2024년 9월 30일 기준으로, Boardwalktech는 20만 달러의 현금, 60만 달러의 외상 매출금 및 220만 달러의 부채를 보유하고 있었습니다. 이 회사는 자사의 Velocity 제품이 미국의 주요 5대 은행 중 하나에서 확장되면서 은행 부문에서 긍정적인 운영 성과를 보고했습니다.
Boardwalktech Software a publié les résultats financiers du deuxième trimestre de l'exercice 2025, avec un chiffre d'affaires de 1,28 million de dollars, affichant une augmentation de 2 % par rapport au premier trimestre de l'exercice 2024, mais une baisse de 16 % par rapport au deuxième trimestre de l'exercice 2024. L'entreprise a réalisé une marge brute de 88,6 % et a déclaré une perte d'EBITDA ajustée de 0,37 million de dollars. Les revenus récurrents annuels s'élevaient à 4,6 millions de dollars. La perte nette de l'entreprise s'élevait à 0,7 million de dollars, s'améliorant de 10 % par rapport au premier trimestre de l'exercice 2025. Au 30 septembre 2024, Boardwalktech disposait de 0,2 million de dollars en liquidités, 0,6 million de dollars en créances et 2,2 millions de dollars de dettes. L'entreprise a reporté des progrès opérationnels positifs dans son secteur bancaire, avec l'expansion de son produit Velocity au sein d'une des cinq principales banques américaines.
Boardwalktech Software hat die finanziellen Ergebnisse für das zweite Quartal des Geschäftsjahres 2025 veröffentlicht, mit einem Umsatz von 1,28 Millionen US-Dollar, was einem Anstieg von 2% im Vergleich zum ersten Quartal des Geschäftsjahres 2024, aber einem Rückgang von 16% im Vergleich zum zweiten Quartal des Geschäftsjahres 2024 entspricht. Das Unternehmen erzielte eine Bruttomarge von 88,6% und berichtete von einem bereinigten EBITDA-Verlust von 0,37 Millionen US-Dollar. Der wiederkehrende Jahresumsatz beläuft sich auf 4,6 Millionen US-Dollar. Der Nettoverlust des Unternehmens betrug 0,7 Millionen US-Dollar und verbesserte sich um 10% im Vergleich zum ersten Quartal des Geschäftsjahres 2025. Zum 30. September 2024 hatte Boardwalktech 0,2 Millionen US-Dollar in bar, 0,6 Millionen US-Dollar in Forderungen und 2,2 Millionen US-Dollar an Schulden. Das Unternehmen berichtete von positiven betrieblichen Fortschritten in seinem Bankensektor, wobei das Produkt Velocity innerhalb einer der fünf größten Banken in den USA expandierte.
- Gross margin improved to 88.6% from 87.9% in Q1-FY25
- Positive cash from operations of $0.2 million in Q2-FY25
- 10% improvement in net loss compared to Q1-FY25
- Expansion of Velocity product with major banking client, reaching over 1,000 professionals
- 16% year-over-year revenue decline to $1.28 million
- Adjusted EBITDA loss of $(0.37) million
- Net loss of $(0.7) million
- Low cash position of $0.2 million with $2.2 million in debt
Financial Highlights:
- Revenue for Q2-FY25 was
$1.28 million 2% increase from$1.25 million 16% decline from$1.53 million - Annual recurring revenue ("ARR"), at September 30, 2024 was
$4.6 million - Gross margin for Q2-FY25 was
88.6% , up slightly from Q1-FY25 level of87.9% due to lower costs, but down slightly from90.1% in Q2-FY24 due to lower revenue levels year-over-year. - Adjusted EBITDA for Q2-FY25 was a loss of
$(0.37) million 10% improvement versus the$(0.41) million 2% change versus$(0.36) million $0.6 million $0.2 million - Non-IFRS net loss for Q2-FY25 (as defined in the Non-IFRS Financial Measures section) totaled
$(0.5) million $(0.01) $(0.5) million $(0.01) $(0.4) million $(0.01) - Net loss for Q2-FY25 was
$(0.7) million $(0.01) 10% improvement versus a$(0.8) million $(0.02) 1% improvement versus$(0.7) million $(0.02) - As of September 30, 2024, Boardwalk had
$0.2 million $0.6 million $2.2 million $0.1 million $0.9 million
"We continue to execute on our updated strategy and positioning established at the beginning of this year," said Andrew T. Duncan, Chief Executive Officer of Boardwalktech. "In the banking sector, the Velocity product continues to grow within our largest customer, a top 5 US bank. We now have over 70 trained and dedicated people from three different partners working on this deployment, which is now in use by over 1,000 professionals within the bank. Velocity is producing the expected ROI and compliance required and this customer is now accelerating the deployment which will be a multi-year engagement. We continue to sign contracts with new partners as we expand our channel sales strategy. We are in multiple later stage deals with several partners and are enthusiastic about the pipeline of opportunities through the partner channel. We continue to see growth and expansion from existing customers and will see both new direct sales and channel sales contracts based on interest in the Boardwalk's software solutions. The foundation has now been set for growth in 2025, including an anticipated increase in revenue and an overall improvement in the business."
Earnings Conference Call Details
Boardwalktech management will be hosting its earnings conference call today (Novembert 27, 2024)
Time: at 4:30 PM Eastern Time / 1:30 PM Pacific Time.
To join the call, please use the following dial-in information:
US/
Audience URL: https://app.webinar.net/A2zRLJKnBDe (copy & paste to your browser)
Replay: A replay of the call will be available until December 4, 2024 and can be accessed by dialing 1-888-660-6345 and entering access code 57639#
About Boardwalktech Software Corp.
Boardwalktech has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based platforms. Boardwalktech is headquartered in
Forward-Looking Information and Statements
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SOURCE Boardwalktech Software Corp.
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