Boardwalktech Software Corp (TSE:BWLK) has released an update.
Boardwalktech Software Corp. reported modest revenue growth to $1.48 million in Q3-FY24, maintaining its annual recurring revenue at $5.7 million, despite a significant decline in professional services. The company’s gross margin remained strong at 89.1%, while efforts to control operating expenses led to a slight year-over-year improvement in net loss. Strategic expansions with several customers and realignment of resources are anticipated to enhance future profitability and growth prospects.
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