Boardwalktech Software (TSE:BWLK) has released an update.
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Boardwalktech Software Corp. reported fiscal year 2024 results with a slight decrease in annual revenue to $6.0 million, an 8% drop from the previous year, yet saw a 3% increase in annual recurring revenue to $5.6 million. Despite an overall yearly loss, the company showed a 13% improvement in its IFRS loss, narrowing to $(3.1) million, and made strategic partnerships and operational adjustments aimed at future growth. Notable developments include agreements with industry leaders like Hexaware and TCS, as well as the expansion of its financial services sector presence.
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