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BWLKF
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BOARDWALKTECH REPORTS THIRD QUARTER FISCAL 2025 FINANCIAL RESULTS

1. Adjusted EBITDA increased 26% Y/Y and 21% Q/Q. Performance signals operational strength. 2. Repositioned go-to-market strategy and expanded key client implementations. This drives recurring SaaS revenue. 3. Secured a $4M credit line and recognized $0.9M in cost savings. These initiatives support future growth. 4. Upcoming earnings conference call enhances transparency. Investor engagement is a positive signal.

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FAQ

Why Bullish?

The strong EBITDA growth combined with strategic repositioning and secured financing underpins a bullish outlook. Historical examples in SaaS and fintech sectors show similar announcements have spurred share price gains.

How important is it?

Key financial improvements and strategic initiatives present significant growth potential, impacting BWLKF price over time. The clear operational progress and robust outlook justify a high importance score.

Why Long Term?

The emphasis on recurring revenue, scalable pipeline engagements, and strategic client wins suggests enduring benefits. Comparable digital ledger and enterprise software companies have experienced sustained improvements over time.

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BWLKU
Adjusted EBITDA Improves 26% Y/Y and 21% Q/Q CUPERTINO, Calif., Feb. 25, 2025 /PRNewswire/ - (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 December 31, 2024 ("Q3-FY25").  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"). Please refer to the Unaudited Condensed Consolidated Financial Statements and Management's Discussion and Analysis ("MD&A") for the three- and nine-month period ended December 31, 2024, filed on SEDAR+ at www.sedarplus.ca for more information. Management will host a conference call today at 4:30 PM Eastern Time / 1:30 PM Pacific Time to discuss the details of the results and answer questions from the financial and investing communities. Please see details below for how to access the call. Financial Highlights Subsequent to Q3-FY25 Management Commentary "Calendar 2024 was a pivotal year for Boardwalktech as we repositioned our go-to-market strategy, signed early adopters of Unity Central, expanded our Velocity implementation at a top 5 U.S. bank with our partners, launched our first major business processing outsourcing (BPO) client, and closed a $4 million line of credit," said Andrew T. Duncan, Chief Executive Officer of Boardwalktech. "Our 'land and expand' strategy continues to be a key growth driver as evidenced by our 39% compounded annual growth rate over the past 3 years from SaaS license recurring revenues; our pipeline continues to scale with several engagements in the latter stages; major global enterprises have validated our solutions and the value they deliver; and our partners have introduced us to new prospects and markets. We have also already recognized over $0.9 million of savings year-to-date in Fiscal 2025, at the higher end of the $600,000 to $800,000 range we previously disclosed. All of these achievements give us reason to be optimistic about Boardwalktech's prospects in the upcoming year and beyond." Earnings Conference Call Details What: Boardwalktech's Q3-FY25 Quarterly Conference Call When: Tuesday, February 25, 2025 Time: 4:30 PM Eastern Time / 1:30 PM Pacific Time North American Participants: Please dial 1-888-510-2154 (Toll Free) or 437-900-0527 (Local – Toronto) Audience URL: https://app.webinar.net/09k7wDeml1n (copy & paste to your browser) Replay: A replay of the call will be available until March 4, 2025, and can be accessed by dialing 1-888-660-6345 and entering the access code 23621# About Boardwalktech Software Corp. Boardwalktech has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based platforms. Boardwalktech is headquartered in Cupertino, California with offices in India and operations in North America. Forward-Looking Information and Statements This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such information and statements. An investment in securities of the Company is speculative and subject to several risks including, without limitation, the risks discussed under the heading "Risk Factors" in the Company's filing statement dated February 25, 2025. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Boardwalktech Software Corp.

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