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Boardwalktech Reports Third Quarter Fiscal 2020 Financial Results
Boardwalktech Reports Third Quarter Fiscal 2020 Financial Results Canada NewsWire ...
About this update from Boardwalktech Software Corp.
[{"type":"text","content":"\n\n\n\nBoardwalktech Reports Third Quarter Fiscal 2020 Financial Results\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCUPERTINO, CA, Feb. 28, 2020\n\n\n\nContinued Growth in Recurring Revenue, and Positive Operating Cash highlight quarter\n CUPERTINO, CA, Feb. 28, 2020 /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 and nine-month period ended December 31, 2019.  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\"In addition to a growing annual recurring revenue base that now totals $3.7 million, up 25% versus last year, we continue to implement cost savings as we shift resources towards more sales execution and further revenue expansion,\" said Andrew T. Duncan, Chief Executive Officer. \"We remained committed to our goal of achieving profitability this Spring through the combination of accelerating our pipeline and cost savings, as we have seen significant progress in achieving this milestone this quarter by recognizing positive operating cash flow for the second consecutive quarter.\" \nMr. Duncan continued, \"Since our last earnings release, we have seen a 35% increase in our pipeline, to over $7.1 million, as new and existing enterprise clients look to the Boardwalktech Digital Ledger Platform to migrate more enterprise applications and workflows to the cloud and a true digital environment.   With our newly announced Network-of-Words technology (NOW), Boardwalktech is extending its industry leadership by enabling companies to handle, organize, and manage both structured and unstructured data and documents versus the current manual methods of email attachments, text searching PDF files, and manual queries.  As a result of generating 3-5x ...