BOARDWALKTECH SOFTWARE CP - BWLKF STOCK NEWS

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.

Boardwalktech Software Corp. will exhibit its supply chain management solutions at the American Supply Chain Summit. The event, held in Dallas, Texas, will feature Boardwalk's Unity Central product. CEO Andrew Duncan and Chief Product Officer Dharmesh Dadbhawala will represent the company at booth #50.

Boardwalktech Software Corp. announces partnership with Tata Consultancy Services to expand into the financial services sector with the Boardwalk Velocity product. The Velocity platform transforms Excel and Access-based End User Computing environments into compliant, auditable, and scalable solutions, providing significant cost and time savings for financial institutions. The innovative technology offers a 10x improvement in deployment time and transformation costs compared to alternative solutions.

Boardwalktech Software Corp secures a $US4.0 million non-dilutive Line-of-Credit facility with Celtic Bank for growth needs, including sales and marketing expenditures and working capital requirements.

Boardwalktech Software Corp. announces its upcoming quarterly earnings conference call to discuss fiscal Q3 2024 financial results. The call will take place on February 28, 2024, after the market closes.