The following is a summary of the Boardwalktech Software Corp. (BWLKF) Q1 2025 Earnings Call Transcript:

Financial Performance:

• Boardwalktech reported a revenue decline to $1.25 million in Q1 2025, a 20% decrease year-over-year.

• Gross margin for Q1 2025 was 87.9%, demonstrating a slight decrease from the previous year.

• Net loss improved to $800,000 in Q1 2025, a 14% improvement from the previous year.

• Annualized recurring revenue (ARR) as of June 30, 2024, was $4.8 million.

Business Progress:

• Boardwalktech has enhanced its sales strategy by shifting focus to partner and teaming sales channels.

• New teaming agreements with global IT firms, including Tata Consulting Services, aim to improve deal closure times and reduce costs.

• The company is expanding its pipeline with new opportunities in various sectors such as banking, aerospace, and healthcare.

• Added new key roles including a Chief Marketing Officer to strengthen market outreach and a transformation expert to focus on financial services.

Opportunities:

• Teaming agreements are expected to generate significant revenue through professional services as the company continues to penetrate global large firms.

• Broadening the customer base to include sectors outside of the traditional financial services area, potentially increasing market share and revenue sources.

Risks:

• Delays in deal implementation and revenue recognition as experienced with the rollout in a large bank may affect projected timelines for profitability.

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