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.
Boardwalktech Software Corp. (BWLKF) is a digital ledger platform and enterprise software company in the data processing, hosting, and related services industry. Its news flow centers on deployments of its patented Digital Ledger Technology Platform, AI-enabled products, and contract activity with large enterprises, including Fortune 500 companies and major financial institutions.
Investors and analysts following BWLKF news will see updates on multi-year license renewals and expansions, particularly with a top-five U.S. bank and other large banks, as well as engagements with global professional services and IT services firms. The company regularly reports on how its Boardwalk Velocity platform, Unity Central product, and EUC Asset Tracker are being adopted for EUC remediation, supply chain visibility, and compliance-focused data management.
Boardwalktech’s news releases also cover financial results prepared under IFRS, highlighting trends in annual recurring revenue, gross margin, adjusted EBITDA, and cost alignment efforts. Additional announcements include private placements, credit facilities, and updates on strategic partnerships with technology consulting and advisory firms.
Product and technology updates are another recurring theme, such as the introduction of AI-driven Automated Controls Testing for financial services, the Boardwalk AI Agent, and the Grid Security Protocol focused on authentication and secure information flows between enterprises and AI agents. Governance-related news, including annual general meeting results, director elections, and equity incentive plan approvals, provides further context on corporate oversight.
For those tracking BWLKF, this news page offers a consolidated view of Boardwalktech’s customer wins, contract renewals, product roadmap developments, financial disclosures, and corporate governance events over time.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) announced expansion with a top 5 US Bank customer through its Velocity product. The company secured over $300,000 in incremental revenue through expanded professional services agreements, doubling comparable levels from last year.
The company's Velocity solution helps banks transform Excel-based End-User Computing applications (EUCs) into IT-controlled business applications, addressing mounting regulatory pressures and compliance requirements. The solution operates 15 times faster than competitors, with over 50 dedicated people currently working on delivering the Velocity solution across the bank.
This expansion demonstrates growing market acceptance as banks prioritize EUC transformation to manage regulatory risks and improve compliance standards. The company expects additional banks to adopt the Velocity solution based on its documented success and partner network expansion.
Boardwalktech Software Corp (TSXV: BWLK) (OTCQB: BWLKF) and LTIMindtree have expanded their partnership, focusing on a joint project with a top 5 U.S. bank. The collaboration leverages Boardwalk Velocity software to address End User Computing (EUC) applications risk management.
The partnership combines LTIMindtree's expertise in core modernization with Boardwalk Velocity's Digital Ledger-based platform to transform Excel-based EUC applications into IT-controlled business applications. According to third-party data, Velocity can remediate complex EUCs in one-tenth the time and resources while maintaining data integrity.
The solution addresses growing regulatory pressures on banks and insurers to mitigate risks associated with non-compliant EUC applications, offering improved data reliability and compliance management while enabling more profitable business growth.
Boardwalktech Software Corp. (TSXV:BWLK, OTCQB: BWLKF) has secured a five-year extension contract with a Fortune 500 food and snack manufacturer for its supply chain solution. The client, generating $36 billion in annual revenue, is expected to contribute over US$300,000 in license revenue during the contract period, excluding potential professional services and usage-based revenue.
This marks the third expansion since the initial contract in 2015, facilitated through Boardwalktech's partnership with a Fortune 500 consulting and financial services firm. The company anticipates additional deals and referrals through this partnership in the current year. Boardwalktech's platform specializes in transforming unstructured and structured data into operational tools, serving Fortune 500 clients across food manufacturing, technology, telecommunications, and cosmetics sectors.
Boardwalktech Software reported Q2-FY25 financial results with revenue of $1.28 million, showing a 2% increase from Q1-FY24 but a 16% decline from Q2-FY24. The company achieved a gross margin of 88.6% and reported an Adjusted EBITDA loss of $(0.37) million. Annual recurring revenue stood at $4.6 million. The company's net loss was $(0.7) million, improving 10% from Q1-FY25. As of September 30, 2024, Boardwalktech had $0.2 million in cash, $0.6 million in receivables, and $2.2 million in debt. The company reported positive operational progress in its banking sector, with its Velocity product expanding within a top 5 US bank.
Boardwalktech Software (TSXV: BWLK) (OTCQB: BWLKF) announces its Q2 Fiscal 2025 financial results release scheduled for November 27, 2024, after market close. Management will host a conference call at 4:30 PM Eastern Time to discuss results and answer questions. The company, based in Cupertino, California, has developed a patented Digital Ledger Technology Platform used by Fortune 500 companies for mission-critical applications worldwide, enabling multiple parties to work simultaneously on the same data while maintaining data fidelity and provenance.
Boardwalktech Software (TSXV: BWLK) (OTCQB: BWLKF) and Scadea Software Solutions have announced a strategic partnership to market Boardwalktech's software solutions. Under the agreement, Scadea will implement Boardwalk's Velocity and Unity Central products, focusing on financial services and manufacturing industries. Boardwalktech will receive license revenue, while Scadea will earn professional services revenue plus referral fees. The products offer ROIs exceeding 5X, with Velocity transforming Excel-based processes into secure applications and Unity Central optimizing supply chain processes through intelligent platform integration.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) has engaged Sophic Capital Inc. for capital markets advisory services. The agreement, starting October 9, 2024, aims to expand investor awareness and communication. Sophic will receive C$8,000 monthly and 500,000 stock options at CAD $0.14 per share. Additionally, Boardwalktech will issue 810,810 warrants to Spinta Capital at C$0.20 per share for their role in closing an ARR-based Line of Credit. Andrew T. Duncan, Boardwalktech's CEO, emphasized the company's product traction and the need for expanded investor outreach. Boardwalktech, based in Cupertino, California, has developed a patented Digital Ledger Technology Platform used by Fortune 500 companies for mission-critical applications worldwide.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) and HCLTech have expanded their partnership to address the growing need for mitigating risks associated with end-user computing applications (EUCs) in the financial services sector. The collaboration focuses on implementing the Boardwalk Velocity Product, which is currently being used by one of the top 5 US banks.
The Boardwalk Velocity solution aims to transform EUCs into a secure, compliant, and improved environment with proper controls. It addresses four core areas: improving process results, time to transformation, reduced cost to implement, and minimal disruption to users. According to IT partners and financial services customers, Velocity has demonstrated 10x superior performance in terms of deployment time and cost to remediate complex EUCs compared to alternative solutions.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) has announced the addition of Drue Freeman to its Board of Directors. Freeman, a seasoned technology executive with over 30 years of experience in the semiconductor industry, joins as an independent board member. He will chair the compensation/compliance committee and join the finance committee.
Freeman's expertise includes providing strategic and advisory services to companies, with recent successes involving acquisitions by Harman and Tesla. His appointment is expected to bring valuable insights to Boardwalktech as it continues to grow. The company, known for its patented Digital Ledger Technology Platform, serves Fortune 500 companies with mission-critical applications worldwide.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BLWKF) held its 2024 Annual General Meeting on August 29, 2024, at the offices of Harbor Access in Toronto, Ontario. The meeting resulted in the election of four director nominees: Andrew T. Duncan, Charlie Glavin, CFA, Ganesh (Ravi) Krishnan, and Steve Bennet. These directors were elected by a majority vote of shareholders present or represented by proxy. Additionally, shareholders appointed MNP LLP as the company's auditors. The meeting outcomes were in line with the recommendations outlined in the Company's Management Information Circular dated July 19, 2024.