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. (BWLKF) reported its financial results for fiscal year 2024, ending March 31, 2024. Total revenue decreased by 8% to $6.0 million, compared to $6.5 million in fiscal 2023. This decline was due to a 60% drop in professional services revenue, despite a 12% increase in SaaS licenses. Annual recurring revenue (ARR) grew by 3% to $5.6 million. The company's gross margin remained stable at 89.6%, and its Adjusted EBITDA loss was $1.6 million, consistent with the previous year. However, Q4 showed a 20% improvement in Adjusted EBITDA compared to Q4 2023. The IFRS net loss was $3.1 million, a 13% improvement from 2023. The company ended the year with $2.2 million in cash and $2.25 million in debt. Key operational highlights include multiple new partnerships and expanded commercial engagements. Boardwalktech also announced a realignment to save $1 million annually.
Boardwalktech Software Corp. (BWLKF) will announce its Fiscal Year and Fourth Quarter 2024 financial results on June 27, 2024, after market close. The results will cover the period ending March 31, 2024. A conference call to discuss these results is scheduled for 5:00 PM EST on the same day. North American and European investors can participate via provided phone numbers, and a replay will be available until July 4, 2024. Boardwalktech, headquartered in Cupertino, California, provides a patented Digital Ledger Technology Platform used by Fortune 500 companies for mission-critical applications, offering unique data management capabilities. Visit www.boardwalktech.com for more information.
On June 11, 2024, Boardwalktech Software and UST announced a strategic partnership to expand Boardwalktech's Velocity product in the financial services sector. UST will provide consulting and professional services to introduce Velocity to the banking industry. Velocity transforms Excel and Access-based End User Computing environments into compliant and auditable solutions, addressing major compliance and risk management needs. The product claims a 10x performance improvement over competitors. Boardwalktech’s digital ledger platform offers secure, efficient, and scalable data management, benefiting financial institutions’ operational and governance processes.
Boardwalktech Software Corp. and UST have announced a teaming agreement focused on the banking and financial services sector. UST will provide consulting and professional services to promote Boardwalktech's Velocity product. Velocity helps financial institutions convert Excel and Access-based environments into compliant, auditable, and scalable solutions. According to users, Velocity demonstrates a 10x improvement in performance and cost efficiency compared to other solutions. This partnership aims to enhance process execution, analytics, risk, and compliance, especially under increasing regulatory scrutiny.
Boardwalktech Software Corp announced the addition of Jay Cherrie to its corporate advisory board and as a business development asset. With a background in financial services and digital transformation, Mr. Cherrie's expertise is expected to benefit the company and its shareholders, particularly in expanding its presence in the financial services sector.
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