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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. (TSXV: BWLK) (OTCQB: BWLKF) has announced the addition of Drue Freeman to its Board of Directors. Freeman, a seasoned technology executive with over 30 years of experience in the semiconductor industry, joins as an independent board member. He will chair the compensation/compliance committee and join the finance committee.
Freeman's expertise includes providing strategic and advisory services to companies, with recent successes involving acquisitions by Harman and Tesla. His appointment is expected to bring valuable insights to Boardwalktech as it continues to grow. The company, known for its patented Digital Ledger Technology Platform, serves Fortune 500 companies with mission-critical applications worldwide.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BLWKF) held its 2024 Annual General Meeting on August 29, 2024, at the offices of Harbor Access in Toronto, Ontario. The meeting resulted in the election of four director nominees: Andrew T. Duncan, Charlie Glavin, CFA, Ganesh (Ravi) Krishnan, and Steve Bennet. These directors were elected by a majority vote of shareholders present or represented by proxy. Additionally, shareholders appointed MNP LLP as the company's auditors. The meeting outcomes were in line with the recommendations outlined in the Company's Management Information Circular dated July 19, 2024.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) reported its Q1 FY25 financial results. Revenue decreased 20% year-over-year to $1.25 million, with a 48% decline in professional services revenue. Annual Recurring Revenue (ARR) stood at $4.8 million. Gross margin was 87.9%, comparable to previous periods. Adjusted EBITDA loss improved to $(0.4) million, a 20% increase from Q1 FY24. Net loss improved 14% year-over-year to $(0.8) million.
CEO Andrew T. Duncan highlighted positive impacts from recent changes in Sales and Marketing, including new partnerships and channel selling. The company is seeing an increase in pipeline opportunities, with the Boardwalktech Velocity product gaining traction in a top 5 US bank and Unity Central product expanding in an existing large International Chemical customer.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF), a digital ledger platform and enterprise software solutions company, has announced its upcoming Q1 fiscal 2025 financial results conference call. The call is scheduled for August 27, 2024, at 5:00 PM EST, following the release of quarterly financials after market close on the same day.
Investors and analysts are invited to participate in the call to discuss the financial results for the period ending June 30, 2024. The company will provide details of the results and answer questions from the financial and investing communities. Participants can join via phone or webcast, with replay options available until September 2024.
Boardwalktech Software Corp. (BWLKF) reported its financial results for fiscal year 2024, ending March 31, 2024. Total revenue decreased by 8% to $6.0 million, compared to $6.5 million in fiscal 2023. This decline was due to a 60% drop in professional services revenue, despite a 12% increase in SaaS licenses. Annual recurring revenue (ARR) grew by 3% to $5.6 million. The company's gross margin remained stable at 89.6%, and its Adjusted EBITDA loss was $1.6 million, consistent with the previous year. However, Q4 showed a 20% improvement in Adjusted EBITDA compared to Q4 2023. The IFRS net loss was $3.1 million, a 13% improvement from 2023. The company ended the year with $2.2 million in cash and $2.25 million in debt. Key operational highlights include multiple new partnerships and expanded commercial engagements. Boardwalktech also announced a realignment to save $1 million annually.
Boardwalktech Software Corp. (BWLKF) will announce its Fiscal Year and Fourth Quarter 2024 financial results on June 27, 2024, after market close. The results will cover the period ending March 31, 2024. A conference call to discuss these results is scheduled for 5:00 PM EST on the same day. North American and European investors can participate via provided phone numbers, and a replay will be available until July 4, 2024. Boardwalktech, headquartered in Cupertino, California, provides a patented Digital Ledger Technology Platform used by Fortune 500 companies for mission-critical applications, offering unique data management capabilities. Visit www.boardwalktech.com for more information.
On June 11, 2024, Boardwalktech Software and UST announced a strategic partnership to expand Boardwalktech's Velocity product in the financial services sector. UST will provide consulting and professional services to introduce Velocity to the banking industry. Velocity transforms Excel and Access-based End User Computing environments into compliant and auditable solutions, addressing major compliance and risk management needs. The product claims a 10x performance improvement over competitors. Boardwalktech’s digital ledger platform offers secure, efficient, and scalable data management, benefiting financial institutions’ operational and governance processes.
Boardwalktech Software Corp. and UST have announced a teaming agreement focused on the banking and financial services sector. UST will provide consulting and professional services to promote Boardwalktech's Velocity product. Velocity helps financial institutions convert Excel and Access-based environments into compliant, auditable, and scalable solutions. According to users, Velocity demonstrates a 10x improvement in performance and cost efficiency compared to other solutions. This partnership aims to enhance process execution, analytics, risk, and compliance, especially under increasing regulatory scrutiny.
Boardwalktech Software Corp announced the addition of Jay Cherrie to its corporate advisory board and as a business development asset. With a background in financial services and digital transformation, Mr. Cherrie's expertise is expected to benefit the company and its shareholders, particularly in expanding its presence in the financial services sector.
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