Boardwalktech So Stock Price, News & Analysis

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.

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.