#United States #Cupertino #Fiscal 2025 #Boardwalktech #SaaS

Boardwalktech Reports Fourth Quarter and Annual Fiscal 2025 Financial Results

On July 28, 2025, Boardwalktech Software Corp. (TSXV: BWLK, OTCQB: BWLKF), a premier player in the digital ledger space, disclosed its financial outcomes for the fiscal year ending March 31, 2025. The company, known for its cutting-edge enterprise software solutions and digital ledger platform, aims to provide insights into its performance amidst market fluctuations.

Financial Overview

In fiscal 2025, Boardwalktech's revenue amounted to $4.8 million, a decrease from $6.0 million in fiscal 2024. This decline is attributed to two significant customers choosing not to renew their contracts due to internal reorganization. Notably, the revenue generated from new and recurring Software as a Service (SaaS) licenses dropped by 23% year-over-year. However, a 9% rise in professional services revenue helped mitigate some of this decline.

The Annual Recurring Revenue (ARR) by March 31, 2025, was reported at $4.0 million. Gross margins remained strong at 87.7%, slightly down from 89.6% a year prior. Financial metrics such as Adjusted EBITDA showed a loss of $(1.8) million, marginally worse than the $(1.6) million for the previous fiscal year. The non-IFRS net loss was $(2.2) million, equating to $(0.04) per share, compared to $(1.7) million, or $(0.03) per share, in 2024.

Despite these challenges, the company was able to reduce its adjusted operating expenses to $6.0 million, down from $6.9 million, as a result of strategic realignment and cost management efforts.

Subsequent Events and Operations Highlights

Post fiscal year-end, Boardwalktech successfully closed two tranches of non-brokered placements under a Life Offering, collectively raising $0.55 million (CAD $0.75 million). This fundraising, combined with earlier amounts, resulted in a total of gross proceeds of $1.3 million (CAD $1.86 million) for bolstering working capital and supporting growth plans.

In terms of contracts, a major highlight was a five-year extension with a Fortune 500 client in the food and snack sector. This ongoing partnership is expected to yield over US$300,000 in revenue, excluding additional professional services. Furthermore, Boardwalktech expanded its collaboration with LTIMindtree to enhance risk management solutions for a top banking client, underlining the effective reach of their software technologies.

A significant milestone was achieved with a top 5 U.S. bank, which not only renewed its contract but also increased the scope of engagement that is set to generate at least $300,000 in incremental revenue.

Future Prospects

Looking forward, CEO Andrew Duncan expressed optimism for fiscal 2026, positioning it as a critical year for the company as increased financing supports its operational capabilities. Boardwalktech aims to leverage its strengthened balance sheet to advance technological initiatives and broaden its market scope, contemplating international expansion due to heightened demand for digital ledger solutions.

A key innovation on the horizon is the Boardwalktech Grid Security Protocol, which utilizes their patented digital ledger technology to offer secure authentication processes around AI functionalities. This innovation seeks to improve operational efficiency by eliminating traditional password management issues that currently burden customer service operations across various sectors.

Duncan emphasized the impact that this protocol could have, addressing prevalent challenges within authentication and security in an era where digital interaction is paramount. As firms grapple with complex data environments and compliance requirements, Boardwalktech's offerings could present significant advantages.

Conclusion

As Boardwalktech prepares for upcoming innovations and strategic enhancements, the focus remains on delivering robust enterprise solutions while navigating an evolving business landscape. Investors and stakeholders alike are keenly watching the company’s next steps, given its potential for growth and profitability in the digital ledger and SaaS marketplace.

For more information about Boardwalktech and its offerings, please visit www.boardwalktech.com.