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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.
Boardwalktech Software Corp. held its 2022 Annual and Special Meeting on June 2, 2022, in Vancouver, where shareholders elected all nominated directors. Notable voting results include Andrew T. Duncan, Charlie Glavin, and Ganesh Krishnan receiving over 99% approval. MNP LLP was appointed as auditors, and an amendment to the Equity Incentive Plan was approved. The company will participate in multiple conferences, including the Investor Summit on June 8 and the LD Micro Invitational on June 7, aimed at engaging with investors. Boardwalktech specializes in patented digital ledger technology for enterprise applications.
Boardwalktech Software Corp (TSXV:BWLK, OTCQB:BWLKF) will present at the Planet MicroCap Showcase 2022 on May 4, 2022, at 2PM EST, hosted by CEO Andrew T. Duncan and CFO Charlie Glavin. The showcase will take place at Bally's Hotel & Casino in Las Vegas, NV, featuring live presentations and in-person 1-on-1 meetings over two days.
Investors can access the webcast and register for meetings through provided links. Boardwalktech specializes in a patented Digital Ledger Technology Platform used by Fortune 500 companies, offering unique data management solutions.
Boardwalktech Software Corp (BWLKF) has secured a contract with a major Indian multinational bank, enhancing its Digital Ledger Platform for improved data management and compliance. This partnership is expected to yield $90,000 in annual recurring revenue, with potential for additional applications and revenue streams. The company aims to provide the bank with a unified data approach, enhancing reporting, governance, and decision-making capabilities. With a presence in 17 countries and over $30B in annual revenue, this client represents a significant milestone for Boardwalktech.
Boardwalktech Software Corp, listed as TSXV: BWLK and OTCQB: BWLKF, has secured a long-term contract with a major New York-based banking and financial services company. The contract, expected to generate over US$4 million in net proceeds over the first three years, will see the deployment of its Velocity product to enhance compliance, risk, and data management. This contract marks Boardwalktech's entry into the banking sector and emphasizes the company’s capability in transforming end-user computing applications efficiently while ensuring compliance.
Boardwalktech Software Corp (BWLKF) has announced a new contract to deliver a third application to an existing Fortune 500 client, expected to generate over US$150,000 in first-year revenue. This application aims to automate global excess inventory management using Boardwalktech's low-code platform. By enhancing operational efficiency, the client anticipates improved order fulfillment and reduced obsolete inventory. CEO Andrew T. Duncan highlights the importance of the 'land and expand' strategy, aiming to deepen client relationships and drive further growth across multiple business units.
Boardwalktech Software Corp (BWLKF) has announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC). This eligibility is expected to simplify trading processes and enhance liquidity for investors in the U.S. market. CEO Andrew T. Duncan expressed optimism that DTC eligibility will attract new investors as the company progresses. Boardwalktech specializes in Digital Ledger Technology, utilized by Fortune 500 companies for mission-critical applications, enabling simultaneous data management across multiple parties.
Boardwalktech Software Corp. (BWLKF) reported Q3-FY22 revenue of $1.1 million, reflecting a 5% decline from the previous quarter and a 3% year-over-year decrease due to a significant drop in legacy revenue. Nevertheless, approximately 56% of revenue originated from new and recurring software subscription licenses, with a strong growth trajectory of 33% CAGR since implementing its SaaS model. The gross margin stood at 86.8%, while adjusted EBITDA was $(0.5) million, a slight deterioration from the previous year. The company has a $9 million pipeline, indicating ongoing demand for its digital ledger solutions.
Boardwalktech Software Corp has engaged Harbor Access LLC for investor relations services to broaden its investor base. This partnership will enhance its visibility in both Canadian and US markets. The agreement entails a monthly fee of USD$8,500 for an initial twelve-month period. CEO Andrew Duncan expressed confidence in Harbor Access's capabilities, while Harbor Managing Partner Graham Farrell highlighted Boardwalktech's potential in 2022. Boardwalktech specializes in Digital Ledger Technology for enterprise applications and is recognized for its unique data management solutions.
Boardwalktech Software Corp (BWLKF) has expanded its business by implementing its second application on the Digital Ledger Platform for a major European broadcasting client. The first-year revenue from this client is projected to exceed US$160,000, which includes recurring revenue and professional services. This application will streamline production planning, allowing for enhanced collaboration among international teams, thereby improving decision-making and accelerating content delivery to market.
Boardwalktech Software Corp. (TSXV:BWLK)(OTCQB:BWLKF) will present at the SNN Network Canada Virtual Event on December 8, 2021, at 1:00 PM EST. CEO Andy Duncan will lead the session, engaging with investors during the Q&A. Attendees can access the presentation via a webcast link. Registered participants may also schedule 1-on-1 investor meetings through the secure conference platform. Boardwalktech specializes in digital ledger technology, enabling simultaneous multi-party access to data for Fortune 500 clients worldwide.
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