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Boardwalktech Software
(BWLK)
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Rating:41Neutral
Price Target:
C$0.03
▼(-3.33% Downside)
Action:Upgraded
Date:08/29/26
The score is driven primarily by weak financial performance: declining revenue, persistent losses, negative equity, and continued (though improving) cash burn. Technicals add further pressure as the stock trades below all key moving averages with negative MACD and weak momentum indicators. Valuation provides limited offset because the negative P/E reflects unprofitability and there is no dividend yield data to support income-based valuation.
Positive Factors
Attractive Core Product Economics
A strong gross profit profile suggests the Boardwalk platform can generate attractive incremental economics as adoption grows. If management can control operating expenses and expand recurring enterprise usage, gross profit could provide a foundation for eventual operating leverage.
Negative Factors
Multi-Year Revenue Decline
Three consecutive years of declining revenue point to weak demand, customer expansion, or execution challenges rather than a temporary fluctuation. Persistent contraction limits operating leverage, reduces the resources available for product investment, and makes a return to profitability more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Attractive Core Product Economics
A strong gross profit profile suggests the Boardwalk platform can generate attractive incremental economics as adoption grows. If management can control operating expenses and expand recurring enterprise usage, gross profit could provide a foundation for eventual operating leverage.
Read all positive factors
Boardwalktech Software (BWLK) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$3.40M
Dividend YieldN/A
Average Volume (3M)32.93K
Price to Earnings (P/E)―
Beta (1Y)1.62
Revenue Growth-24.45%
EPS Growth32.66%
CountryCA
Employees40
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.04
Shares Outstanding113,220,830
10 Day Avg. Volume79,159
30 Day Avg. Volume32,926
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)-0.33
Price to Sales (P/S)0.48
P/FCF Ratio-3.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Boardwalktech Software Business Overview & Revenue Model
Company Description
Boardwalktech Software Corp., founded in 2004 and based in Cupertino, California, delivers and licenses a comprehensive range of enterprise software solutions worldwide. Its flagship offerings include the Boardwalk Enterprise Digital Ledger Platfo...
How the Company Makes Money
Boardwalktech primarily makes money by selling enterprise software centered on its Boardwalk platform. Revenue is generally generated through (1) software subscription and/or licensing fees paid by customers to use the platform and associated modu...
Boardwalktech Software Earnings Call Summary
Earnings Call Date:Nov 27, 2024
(Q2-2025)
| % Change Since: |
Next Earnings Date:Dec 02, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant strides in strategic partnerships and recurring revenue growth, particularly in the banking sector with a top 5 U.S. bank. However, the company faced challenges with a decline in total revenue and adjusted EBITDA losses. Despite these setbacks, the strategic advancements and cash flow improvements suggest a cautiously optimistic outlook.Positive Updates
Significant Growth in Recurring Revenue
The company has achieved a 44% CAGR in recurring revenue over the past three years, attributed to its 'land and expand' strategy with Fortune 500 customers.
Negative Updates
Revenue Decline
Total revenue for the second quarter of fiscal 2025 was $1.3 million, a 16% decrease from the previous year, due to a decline in software, subscription, and professional services revenue.
Read all updates
Q2-2025 Updates
Positive
Negative
Significant Growth in Recurring Revenue
The company has achieved a 44% CAGR in recurring revenue over the past three years, attributed to its 'land and expand' strategy with Fortune 500 customers.
Read all positive updates
Company Guidance
During the Boardwalktech Software Corporation's fiscal second quarter 2025 conference call, key guidance focused on the company's strategic initiatives and financial metrics. Boardwalktech emphasized its "land and expand" strategy, projecting a 44% CAGR in recurring revenue over the past three years. The company also highlighted its transition towards a partner teaming model, which aims to reduce customer acquisition costs and increase sales. Financially, the company reported a second-quarter revenue of $1.3 million, a 16% decrease from the previous year, but a 2% sequential increase. The gross margin was 88.6%, and adjusted EBITDA showed a loss of $366,000, marking a 10% sequential improvement. The company's net IFRS loss was $0.7 million, and it closed the quarter with $800,000 in cash. Looking forward, Boardwalktech is optimistic about its growth prospects, particularly in the financial services sector, anticipating higher growth rates and similar margins based on its sales pipeline visibility.Boardwalktech Software Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Jun 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.61M | 4.80M | 5.97M | 6.47M | 4.37M |
| Gross Profit | 2.73M | 4.21M | 5.35M | 5.87M | 3.79M |
| EBITDA | -1.77M | -2.47M | -2.71M | -3.18M | -3.19M |
| Net Income | -2.73M | -3.20M | -3.13M | -3.58M | -3.56M |
Balance Sheet | |||||
| Total Assets | 492.46K | 1.68M | 3.77M | 3.78M | 3.99M |
| Cash, Cash Equivalents and Short-Term Investments | 140.14K | 358.51K | 2.23M | 2.19M | 868.96K |
| Total Debt | 2.83M | 3.24M | 3.18M | 127.07K | 501.89K |
| Total Liabilities | 5.78M | 5.04M | 5.36M | 4.75M | 3.56M |
| Stockholders Equity | -5.23M | -3.32M | -1.59M | -961.67K | 426.75K |
Cash Flow | |||||
| Free Cash Flow | -545.67K | -2.25M | -3.36M | 1.11M | -2.32M |
| Operating Cash Flow | -545.67K | -2.25M | -3.36M | 1.12M | -2.30M |
| Investing Cash Flow | 0.00 | 0.00 | -5.67K | -15.37K | -21.84K |
| Financing Cash Flow | 329.63K | 374.90K | 3.41M | 215.07K | 88.00K |
Boardwalktech Software Technical Analysis
Negative
0.03
Price Trends
0.04
Negative
0.05
Negative
0.04
Negative
Market Momentum
>-0.01
Negative
39.18
Neutral
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BWLK, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 39.18 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BWLK.
Boardwalktech Software Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | C$328.36M | -12.36 | -21.48% | ― | 11.98% | -280.96% | |
47 Neutral | C$39.92M | 950.00 | -19.46% | ― | 170.60% | ― | |
44 Neutral | C$9.41M | -29.87 | -181.34% | ― | -3.65% | -192.77% | |
42 Neutral | C$24.51M | -6.00 | 74.69% | ― | 18.40% | 36.36% | |
41 Neutral | C$3.40M | -0.56 | 61.34% | ― | -24.45% | 32.66% |
* Technology Sector Average
TSE:BWLK
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Boardwalktech Software Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Boardwalktech Wins TSXV Extension to Complete Private Placement Financing
Positive
Aug 27, 2026
Boardwalktech Software Corp. has secured a 30-day extension from the TSX Venture Exchange for its previously announced non-brokered private placement, pushing the outside date for final closing and documentation to September 26, 2026. The extensio...
Business Operations and StrategyRegulatory Filings and Compliance
Boardwalktech Joins Semi-Annual Reporting Pilot to Cut Compliance Costs
Positive
Aug 11, 2026
Boardwalktech Software Corp., a provider of digital-ledger and AI-powered enterprise software for intelligent information management, supplies Fortune 500 clients with applications that allow multiple parties to work on shared data while maintaini...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.