Core Insights - Boardwalktech Software Corp. reported its financial results for Q3 Fiscal 2026, showing improvements in net loss and operational efficiency while facing a decline in revenue compared to the previous year [1] Financial Highlights - Outstanding debt as of December 31, 2025, was $2.5 million, drawn against a $4 million line of credit, reclassified under current liabilities due to IFRS requirements [1] - Cash at the end of Q3-FY26 was $0.1 million, with accounts receivables of $0.4 million; cash burn from operations decreased by $0.9 million year-over-year to $33,000 per month [1] - Non-IFRS net loss for Q3-FY26 was $(0.3) million, an improvement from $(0.4) million in Q2-FY26 and Q3-FY25 [1] - Net loss for Q3-FY26 was $(0.4) million, compared to $(0.5) million in Q2-FY26 and $(0.6) million in Q3-FY25, reflecting an 18% sequential improvement [1] - Total SG&A expenses in Q3-FY26 were $1.1 million, down from $1.2 million in Q2-FY26 and $1.4 million in Q3-FY25 [1] - Adjusted EBITDA for Q3-FY26 was a loss of $(0.2) million, a 35% improvement from Q2-FY26 [1] - Gross margin for Q3-FY26 was 86.9%, slightly up from 86.7% in Q2-FY26 but down from 88.4% in Q3-FY25 [1] - Annual Recurring Revenue (ARR) at December 31, 2025, was $3.8 million, based on trailing quarterly revenue from license subscriptions and recurring services [1] - Revenues for Q3-FY26 totaled $1 million, unchanged from Q2-FY26 but down 25% from $1.3 million in Q3-FY25 due to non-renewals [1] Operational Highlights - The company announced contract renewals and expansions on November 4, 2025, increasing recurring revenue from major enterprise customers [1] - On January 20, 2026, Boardwalktech launched Boardwalk Verity™, an Intelligent Controls Platform aimed at highly regulated organizations [1] - On January 6, 2026, the company expanded its contract with a global IT services firm to support a top-five U.S. financial institution [1] Management Commentary - The CEO noted that existing customers are expanding deployments, and new opportunities are expected to drive professional services revenue and increase high-margin ARR [1] - The launch of Verity and enhancements to Velocity are anticipated to improve revenue growth and move towards Adjusted EBITDA breakeven [1]

Core Viewpoint - Boardwalktech Software Corp. reports financial results for Q2-FY26, indicating challenges in revenue growth but anticipating improved performance in the second half of the fiscal year due to customer expansions and new license agreements [3][6]. Financial Performance - Revenue for Q2-FY26 was $1 million, a 4% increase from $0.9 million in Q1-FY26 but a 25% decrease from $1.3 million in Q2-FY25, primarily due to two customer non-renewals [6]. - Annual recurring revenue (ARR) as of September 30, 2025, was $3.8 million, defined as expected annual revenue from license subscriptions and certain recurring services [6]. - Gross margin for Q2-FY26 was 86.7%, up from 83.5% in Q1-FY26 but down from 88.7% in Q2-FY25 [6]. - Adjusted EBITDA for Q2-FY26 was a loss of $(0.4) million, showing a 44% improvement from a $(0.6) million loss in Q1-FY26 [6]. - Net loss for Q2-FY26 was $(0.5) million, compared to $(0.9) million in Q1-FY26 and $(0.7) million in Q2-FY25, indicating a 44% sequential improvement [6]. Operational Insights - The CEO noted that customers are leveraging Boardwalktech's Velocity and Digital Ledger successes, leading to expanding deployments and increased user adoption [3]. - The company is focused on completing several late-stage license agreements and upgrade projects with existing customers, which are expected to enhance professional services revenues and ARR [3]. - Cost-reduction initiatives implemented in August 2025 are anticipated to support the company's path to EBITDA break-even [3]. Technology and Market Position - Boardwalktech has developed a patented Digital Ledger Technology Platform utilized by Fortune 500 companies for mission-critical applications [4]. - The platform allows multiple parties to work on the same data simultaneously while maintaining data fidelity and provenance, distinguishing it from non-digital ledger technology platforms [4]. - The company operates from Cupertino, California, with additional offices in India and North America, indicating a broad operational footprint [4].

Core Points - Boardwalktech Software Corp. held its 2025 Annual General Meeting on November 24, 2025, in Cupertino, California, where voting results were announced [1] Group 1: Election of Directors - Andrew T. Duncan received 95.81% votes in favor, while 4.11% were withheld - Ravi (Ganesh) Krishnan received 92.54% votes in favor, with 7.46% withheld - Steven Bennet received 82.66% votes in favor, with 17.34% withheld - Drue Freeman received 82.99% votes in favor, with 17.01% withheld [2] Group 2: Appointment of Auditors - Shareholders voted 99.949% in favor of appointing MNP LLP as the Company's auditors, with only 0.051% withholding their vote [3] Group 3: Approval of Equity Incentive Plan - The equity incentive plan was approved by 77.598% of shareholders, while 22.402% voted against it [4] Group 4: Total Shareholder Voting - A total of 11,477,666 common shares were voted, representing approximately 16.32% of the issued and outstanding common shares of the Company [5] Group 5: Company Overview - Boardwalktech has developed a patented Digital Ledger Technology Platform used by Fortune 500 companies for mission-critical applications, allowing multiple parties to work on the same data simultaneously while maintaining data fidelity [6]

Core Viewpoint - Boardwalktech Software Corp. reported its financial results for fiscal year 2025, highlighting challenges in revenue generation and strategic developments aimed at future growth [1][2][5][8]. Financial Highlights - Revenue for Fiscal 2025 was $4.8 million, a decrease of 20% from $6.0 million in Fiscal 2024, primarily due to non-renewal by two customers [5] - Annual recurring revenue (ARR) as of March 31, 2025, was $4.0 million [5] - Gross margin for Fiscal 2025 was 87.7%, slightly down from 89.6% in Fiscal 2024 [5] - Adjusted EBITDA for Fiscal 2025 was $(1.8) million, compared to $(1.6) million in Fiscal 2024 [5] - Non-IFRS net loss for Fiscal 2025 was $(2.2) million, or $(0.04) per share, compared to a loss of $(1.7) million, or $(0.03) per share in Fiscal 2024 [5] - Reported IFRS loss for Fiscal 2025 was $(3.2) million, or $(0.06) per share, compared to $(3.1) million, or $(0.06) per share in Fiscal 2024 [5] - Ending cash balance as of March 31, 2025, was $0.4 million, with total assets including trade receivables amounting to $1.0 million [5] Subsequent Events - The company raised a total of $1.3 million (CAD $1.86 million) through non-brokered placements under a LIFE Offering to support working capital and growth needs [3] - A strategic partnership was formed with Zideas Consulting to enhance digital transformation efforts [11] Operational Highlights - The company secured a 5-year extension with a Fortune 500 client, projecting over $300,000 in license revenue [6] - Expanded partnership with LTIMindtree to address risk management for a top 5 U.S. banking client [6] - Achieved a milestone with a top 5 U.S. bank, expected to generate over $300,000 in incremental revenue [6] Future Outlook - The CEO indicated that Fiscal 2026 is expected to be pivotal, with a focus on execution and potential geographic expansion [8] - Introduction of the Boardwalktech Grid Security Protocol aimed at enhancing security and efficiency in AI interactions [8]

Core Insights - Boardwalktech Software Corp. has appointed Miles Ravitz to its corporate advisory board to enhance partnerships and strengthen risk and compliance benefits in its offerings [1][2][3] - Mr. Ravitz brings over 20 years of experience in financial services, focusing on risk management and regulatory compliance, which will support Boardwalktech's growth in the financial sector [2][3] - The company has developed a patented Digital Ledger Technology Platform that allows multiple parties to work on the same data simultaneously, enhancing data management efficiency [4] Company Strategy - The appointment of Mr. Ravitz is part of Boardwalktech's broader strategy to secure partnerships with leading technology and professional services organizations [1] - The company aims to close new license deals with financial institutions by leveraging Mr. Ravitz's expertise and industry connections [2][3] Product Offering - Boardwalktech's digital ledger technology is unique in the market, allowing for collaborative enterprise information management applications with full integration into existing enterprise systems [4] - The platform is currently utilized by Fortune 500 companies for mission-critical applications, indicating its reliability and effectiveness in managing structured and unstructured data [4]