Boardwalktech Software Corp ( (BWLKF) ) has released its Q3 earnings. Here is a breakdown of the information Boardwalktech Software Corp presented to its investors.
Boardwalktech Software Corp., headquartered in Cupertino, California, specializes in digital ledger technology and enterprise software solutions, serving Fortune 500 companies with its unique data management platform.
In its latest earnings report for the third quarter of fiscal 2025, Boardwalktech announced a modest increase in revenue and significant improvements in adjusted EBITDA, reflecting the company’s strategic efforts and market positioning.
The company reported a revenue of $1.29 million for Q3-FY25, marking a slight increase from the previous quarter but a decrease compared to the same period last year. Despite this, adjusted EBITDA showed a 26% year-over-year improvement, highlighting operational efficiencies. The company also expanded its partnerships with major clients, including a top 5 U.S. bank and a Fortune 500 food company, which are expected to generate substantial future revenue.
Boardwalktech’s gross margin remained robust at 88.4%, although slightly down from previous periods due to increased hosting expenses. The company continues to manage its financial position with a credit facility of $0.6 million available, while actively reducing its net losses.
Looking ahead, Boardwalktech remains optimistic about its growth prospects, driven by its ‘land and expand’ strategy and ongoing engagements with global enterprises, positioning itself for continued success in the digital ledger technology market.