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Boardwalktech Software Corp. is a leading digital ledger platform and enterprise software solutions company. The company recently secured a three-year $US4.0 million Line-of-Credit facility with Celtic Bank to drive growth and enhance its balance sheet. Additionally, Boardwalktech signed an agreement with Tata Consultancy Services and UST to deliver consulting and professional services in the financial services market. The company's Velocity product provides a platform for financial institutions to transform Excel and Access based End User Computing environments into compliant, auditable solutions, offering significant cost and time savings.
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Boardwalktech Software Corp. announces expanded commercial agreements with three existing customers, including Sekisui Chemical, implementing the new Unity Central application to enhance supply chain visibility and data management. The Boardwalk Unity Central solution improves order fill rates, reduces chargebacks and penalties, and increases top line revenue and margins. The company has also executed steps to realign internal resources, generating approximately US$1,000,000 in annual cost savings, allowing focus on strategic Sales and Marketing additions, while accelerating the projected timeline to profitability.
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Boardwalktech Software Corp. (BWLK) reports a 40% year-over-year EBITDA growth and positive cash from operations. The company's Q2-2024 revenue was $1.53 million, a 3% increase from the previous year. Boardwalktech's annual recurring revenue at September 30, 2023, was $5.7 million, showing a 3.6% year-over-year increase. The gross margin for Q2-2024 was 90.1%, and the adjusted EBITDA improved by 47% over the previous year. The company also reported a positive cash inflow from Operating Activities of $0.2 million. However, the non-IFRS net loss for Q2-2024 was $(0.38) million, and the net loss was $(0.7) million, though showing improvements from the previous year. The company announced the extension and expansion of its engagement with a leading Fortune 50 technology company.
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Boardwalktech Software Corp (BWLK) has extended and expanded its relationship with a Fortune 50 California-based technology company to improve supply chain visibility and order execution. The multi-phase rollout is expected to generate combined license and services revenue exceeding US$400,000 over the next 12 months. The Boardwalk Platform and Unity Central solution aims to revolutionize supply chain management by providing immediate alerts and predictive analytics for proactive order management.
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Boardwalktech Software Corp (BWLK) to Discuss Fiscal Q2 2024 Financial Results in Upcoming Earnings Conference Call
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Boardwalktech Software Corp (BWLK) to present at Harbor Access Global SMID Cap Virtual Conference on November 16, 2023. CEO Andy Duncan will discuss the company's Digital Ledger application platform and enterprise software applications. Investors can request 1x1 meetings and participate in live Q&A sessions. Pre-registration is recommended for expedited participation.
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LTIMindtree and Boardwalktech partner on the implementation of Boardwalktech's Velocity software solution for migrating end-user computing applications. The collaboration aims to seamlessly migrate Excel-based applications to IT-controlled and managed business applications, setting new industry standards. The solution offers compliance, data reliability, and cost and time efficiencies.
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Hexaware and Boardwalktech announce partnership to drive banking and financial services compliance and process improvement
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Boardwalktech Software Corp to present at Planet MicroCap Showcase: VANCOUVER 2023
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Boardwalktech Software Corp. reports Q1-FY24 financial results with revenue of $1.55 million, a 3% increase from the previous year. SaaS revenue grows 23% Y/Y, offsetting seasonal decline in professional services. Annual recurring revenue at $5.8 million, a 14% YoY increase. Gross margin remains stable at 90.0%. Outlook projects revenue of $8.5 million to $10.0 million for the fiscal year. New customer additions and license contracts expected to generate over $200,000 in revenue. RSU grants issued to officers, directors, and employees.
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Boardwalktech Software Corp will release its fiscal Q1 2024 financial results on August 24th. The company will host a conference call at 4:15PM EDT on the same day to discuss the details of the quarter and answer questions. North American participants can dial 1-888-664-6383, while European participants have specific dial-in numbers for Germany, Switzerland, and the UK. A replay of the call will be available until August 31, 2023.
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FAQ
What is the current stock price of BOARDWALKTECH SOFTWARE CP (BWLKF)?
The current stock price of BOARDWALKTECH SOFTWARE CP (BWLKF) is $0.0925 as of January 29, 2025.
What is the market cap of BOARDWALKTECH SOFTWARE CP (BWLKF)?
The market cap of BOARDWALKTECH SOFTWARE CP (BWLKF) is approximately 5.8M.
What recent financial achievement did Boardwalktech Software Corp. announce?
Boardwalktech recently secured a three-year $US4.0 million Line-of-Credit facility with Celtic Bank for growth needs.
What partnership agreements has Boardwalktech engaged in recently?
The company signed agreements with Tata Consultancy Services and UST to deliver consulting and professional services in the financial services market.
What does Boardwalktech's Velocity product offer financial institutions?
Velocity provides a platform for financial institutions to transform Excel and Access based End User Computing environments into compliant, auditable solutions, offering cost and time savings.
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