Welcome to our dedicated page for Boardwalktech So news (Ticker: BWLKF), a resource for investors and traders seeking the latest updates and insights on Boardwalktech So stock.
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. (BWLKF, BWLK) will announce its fiscal Q1 2023 financial results on August 18, 2022, before the market opens. The company will host a conference call at 4:30 PM Eastern Time to discuss the results and answer questions from investors. Boardwalktech, based in Cupertino, California, offers a digital ledger platform utilized by Fortune 500 companies for enterprise applications. Their unique technology allows multiple parties to work simultaneously on shared data, enhancing efficiency and data integrity.
Boardwalktech Software Corp (TSXV: BWLK, OTCQB: BWLKF) has announced an expansion of its license and services contract with a leading global accounting firm, enhancing annual recurring revenue by $500,000 for the fiscal year. This contract, first initiated in 2018, underscores the growing demand for Boardwalktech's Digital Ledger Platform, which streamlines data management and analytics. CEO Andrew T. Duncan highlighted the contract's validation of the company's land-and-expand strategy, emphasizing the platform's role in improving data management and compliance across clients’ operations.
Boardwalktech Software Corp. reported strong FY22 results, with Q4 revenues of $1.20 million, a 23% increase year-over-year. Total FY22 revenue reached $4.38 million, showing solid growth. Annual Recurring Revenue (ARR) surged 30% to $3.7 million. The company expects FY23 revenue between $6.5 million and $7.0 million, indicating 49%-60% growth driven primarily by recurring license revenue. Despite an annual net loss of $(2.0 million), an improvement over last year, Boardwalktech remains confident in its path to profitability without needing equity financing.
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.
FAQ
What is the current stock price of Boardwalktech So (BWLKF)?
What is the market cap of Boardwalktech So (BWLKF)?
What is Boardwalktech Software Corp. known for?
What industries does Boardwalktech serve?
What are Boardwalktech's core products?
How does Boardwalktech differentiate itself from competitors?
Who are Boardwalktech's key partners?
Where is Boardwalktech headquartered?
What is the primary revenue model for Boardwalktech?
What is the significance of Boardwalk Velocity?
How does Unity Central improve supply chain management?
What is Boardwalktech's competitive advantage?
