Boardwalktech So Stock Price, News & Analysis

Boardwalktech Software Corp. announced its financial results for Q1 FY23, showing a remarkable 48% revenue growth to $1.51 million compared to the previous year. Additionally, the annual recurring revenue (ARR) reached $5.1 million, up 56% year-over-year, driven by a significant increase in SaaS licenses. Adjusted EBITDA improved by 53% year-over-year, with a loss of $(0.26 million). The company reported a net loss of $(0.8 million). It anticipates strong revenue guidance for FY23, projecting between $6.5 million and $7.0 million.

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.