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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 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.
Boardwalktech Software Corp. (BWLKF) reported Q2-FY22 revenue of $1.1 million, reflecting a 9% sequential rise and a 3% year-over-year increase. Approximately 56% of the revenue stemmed from subscription licenses, with a significant 40% CAGR since 2018 for new contracts. The gross margin improved to 86.0%, despite a one-time server upgrade cost. Non-IFRS net loss decreased by 16% to $(0.45) million. Boardwalktech remains optimistic about its pipeline valued at over $9 million and anticipates strong revenue growth in the future.
Boardwalktech Software Corp (TSXV: BWLK, OTCQB: BWLKF) will present at the LD Micro Main Event on October 13, 2021, at 12:30 PM PST, in Los Angeles. CEO Andrew T. Duncan will lead the session, aiming to boost awareness of the company's digital ledger innovations and ongoing collaborations with Fortune 500 clients. The multi-day event, running from October 12-14, will feature around 150 companies presenting virtually. A recording of the presentation can be accessed here.
Boardwalktech Software Corp (BWLKF) announced a second application delivery for an existing North American Fortune 500 client, projected to generate over US$150,000 in initial annual revenue, primarily from recurring licenses. This application will enhance product formula tracking and management, crucial for global distribution. It aims to improve supply chain efficiency and reduce formulation errors. This follows an initial application launched in February 2021, enhancing regulatory compliance in packaging and labeling. This expansion demonstrates Boardwalktech's growing partnership within the client’s business units.
Boardwalktech Software Corp. (BWLKF) announced an expanded agreement with Sekisui Specialty Chemicals America (SSCA) to enhance its Sales & Operations Execution (S&OE) application. This follows a previous contract signed in April 2020. The upgraded application aims to improve demand-supply balance, offering automated processes that enhance visibility and customer satisfaction. SSCA's Director of Strategic Planning highlighted the necessity for operational transparency in today’s market. The expansion is expected to positively affect SSCA's supply chain processes, enhancing overall business results.
Boardwalktech Software Corp. reported its financial results for the fiscal year ending March 31, 2021, showing a 58% reduction in net loss to $(2.4) million. Revenue from SaaS licenses grew 10% year-over-year, despite total revenue declining to $4.3 million due to legacy contracts. The company ended the year with $3.1 million in cash and completed a 100% debt paydown. Adjusted EBITDA improved by 35% to $(1.7) million. The sales pipeline has increased to over $9 million.
Boardwalktech Software Corp (BWLKF) has expanded its relationship with a Fortune 10 technology company by introducing a new capacity planning and supply chain application on its Digital Ledger Platform. This marks the first recurring revenue application for the client, with prospects for further applications across various departments. The new system is expected to enhance global data management and improve decision-making processes. CEO Andrew T. Duncan noted that this aligns with the company’s strategy to grow its tier-1 customer base and ensures immediate ROI for clients.
Boardwalktech Software Corp announced a significant contract with a major California-based social media company to implement new data management and supply chain applications using its Digital Ledger Platform and Radius Control Tower Insight technology. The initial revenue is projected at USD $200,000, with expectations for growth into recurring revenue as more applications are integrated. This partnership aims to enhance data visibility and decision-making processes across the client's value chain, emphasizing Boardwalktech's unique capability to manage unstructured data effectively.
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