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BOARDWALKTECH REPORTS FIRST QUARTER FISCAL 2025 FINANCIAL RESULTS
BOARDWALKTECH REPORTS FIRST QUARTER FISCAL 2025 FINANCIAL RESULTS Canada NewsWire ...
About this update from Boardwalktech Software Corp.
[{"type":"text","content":"\n\n\n\n BOARDWALKTECH REPORTS FIRST QUARTER FISCAL 2025 FINANCIAL RESULTS\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CUPERTINO, Calif.\n \n\n ,\n \n\n Aug. 27, 2024\n \n\n /CNW/ - (TSXV: BWLK) (OTCQB: BWLKF) – Boardwalktech Software Corp. (\"Boardwalktech\" or the \"Company\"), a leading digital ledger platform and enterprise software solutions company, is pleased to report its financial results for the three-month period ended\n \n June 30\n \n , 2024.  All figures are reported in U.S. dollars, unless otherwise indicated. Boardwalktech's financial statements are prepared in accordance with International Financial Reporting Standards (\"IFRS\").\n \n\n\n Financial Highlights:\n \n\n\n\n Revenue for Q1-FY25 was\n \n $1.25 million\n \n , a 20% decrease from\n \n $1.55 million\n \n in Q1-FY24, and versus\n \n $1.42 million\n \n in Q4-FY24, which included a 48% year-over-year decline in revenue from professional services.\n \n\n Annual recurring revenue (\"ARR\"), at\n \n June 30, 2024\n \n was\n \n $4.8 million\n \n ARR is a non-IFRS measure, and the Company defines ARR as the recurring revenue expected based on annual license subscriptions and recurring services.\n \n\n Gross margin for Q1-FY25 was 87.9%, comparable with a 90.0% level in Q1-FY24 and 89.1% in Q4-FY24.\n \n\n Adjusted EBITDA for Q1-F25 was a loss of\n \n $(0.4) million\n \n , a 20% increase versus the\n \n $(0.5) million\n \n loss in Q1-FY24, as adjusted operating expenses of\n \n $1.5 million\n \n were\n \n $0.4 million\n \n lower than last year.\n \n\n Non-IFRS net loss for Q1-FY25 (as defined in the Non-IFRS Financial Measures section) totaled\n \n $(0.5) million\n \n , or a loss of\n \n $(0.01)\n \n per basic and diluted share, v...