Canada · Delayed Price · Currency is CAD Boardwalktech Software Earnings Call Transcripts
Fiscal Year 2025
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Shareholders elected directors, reappointed auditors, and approved the equity incentive plan. All resolutions passed smoothly, and procedures for questions and voting were clearly outlined.
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Boardwalktech presented its AI-driven data management platform, highlighting strong Fortune 500 adoption, rapid recurring revenue growth, and new product launches in security and automation. The company is focused on expanding its partner network, enhancing AI integration, and achieving EBITDA profitability.
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Revenue for Q3 Fiscal 2025 was $1.29M, down 12% year-over-year, with improved EBITDA and cost savings. The pipeline is robust, driven by new products and partnerships, and the company expects sustainable EBITDA-positive quarters ahead.
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Q2 2025 revenue declined 16% year-over-year to $1.3M, but recurring revenue remains strong with a 44% CAGR over three years. Major deployments in financial services and a growing partner ecosystem support a positive outlook for 2025.
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Revenue declined 20% year-over-year to $1.25 million, with a shift toward higher-margin software and subscription revenue now at 91% of total. Gross margin remained strong at 87.9%, and adjusted EBITDA loss improved 20%. Management expects growth as the partner-led sales strategy matures.
Fiscal Year 2024
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Fiscal 2024 saw an 8% revenue decline to $6M, but recurring SaaS revenue grew 12% and now makes up 90% of total revenue. Strategic IT partnerships and leadership additions are expected to drive growth and profitability by year-end.