Boardwalktech Software Corp (OTC:BWLKF)

Boardwalktech Software Corp (OTC:BWLKF) a company that has developed a patented Digital Ledger Technology Platform announced extended and expanded contract with a Fortune 50 California-based technology company to deliver additional data management, analytics and supply chain visibility solutions running on the Boardwalk Platform. 

“Additional revenue from this extension starts at USD $400,000 for a combination of license revenue and services as the solutions are expanded across more users. The Company expects additional incremental revenue for recurring license and services for this client during their new fiscal (budgetary) period starting January 2023, as the client ramps this application into production.”

Boardwalktech Software Corp (OTC:BWLKF) ($0.53, $23.7M Market Cap) a company that has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide announced Q2 2023 results:

• Sales of $1.5 million vs $1.1 million in the prior year
• Non-GAAP net loss of $0.02 vs Non-GAAP net loss of $0.01
• Company continues to track at high end of revenue guidance of $6.5 to $7.0 million for fiscal 2023

"The business is at a material inflection point, where we have not one, but two $100 million revenue opportunities. The first is in our existing enterprise market using our digital ledger platform, and the second is in the new financial services channel where we are leveraging our teaming partner ecosystem as we expand into the banking sector. Further, despite economic headwinds, we continue to see our pipeline not only replenish, but grow as we convert new deals; a trend we saw during the early COVID shutdown when our pipeline doubled, as Companies with supply chain and data management issues sought out Boardwalk's unique software solutions to improve and resolve these core problems.”

While revenue growth continues, we are still curious as to when the company will start to deliver on the bottom line. 

On June 29, 2022 we added BWLKF to our Run to One Model portfolio on the heels of its strong Q4 2022 results and bullish 2023 guidance.