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].

Accessibility StatementSkip Navigation CUPERTINO, Calif, Nov. 25, 2025 /PRNewswire/ - (TSXV: BWLK) (OTCQB: BWLKF) – Boardwalktech Software Corp. ("Boardwalktech" or the "Company"), a leading digital ledger platform and enterprise software solutions company, provides the voting results from its 2025 Annual General Meeting (the "Meeting") of shareholders. The meeting was held November 24, 2025 at the Company's Cupertino, California office and streamed online. Detailed results of the vote are set out below. E ...

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]